Housing project only for Indian bids

The Finance Ministry has opened a housing project to build 500 housing units across the Maldives, but has limited bid submissions to Indian contractors, Haveeru News reports.

The Indian government allegedly offered the project, along with a US$40 million loan for its development, on the condition that only bids from Indian contractors be considered.

Haveeru News reports that contractors are required to make an initial bid deposit of US$400,000. They must register at the ministry before September 10.

A statement from the Finance Ministry allegedly said proposals must be submitted by September 26, and a pre-bid meeting will be held on September 8.


India gifts US$5 million for SAARC summit

The Indian government gifted US$5 million to Maldives today to assist preparations for the upcoming SAARC (South Asian Association for Regional Corporation) summit due to place November in Addu City.

The US$5 million aid was officially handed over to Foreign Minister Ahmed Naseem at a ceremony at the President’s Office this afternoon by Indian Minister of External Affairs of India S.M. Krishna, who is currently in the Maldives for a two-day visit.

The registry of a plot in Male’ for a new Indian High Commission building was presented to High Commissioner D.M. Muley by Foreign Minister Naseem.

Meanwhile Finance Minister Ahmed Inaz presented the signed agreements for a multi-disciplinary university, a wellness centre and medical resort to be developed in Laamu Atoll by Universal Empire Infrastructure to the Indian company’s Chairman Bala Chandran.

The infrastructure company also signed an agreement yesterday to upgrade the Laamu Gan regional hospital.

Speaking at today’s ceremony, the company’s director Manis Gupta said that the joint venture Island Development Company formed with Works Corporation hoped to complete the university within the next five years. He revealed that the deal took 16 months to finalise and sign.

Gupta added that upon completion of the US$200 million projects, Laamu Gan would become a regional hub for medical treatment.


President returns to Male’

President Mohamed Nasheed returned to Male’ last night after attending the opening of the Commonwealth Games in New Delhi, India.

Speaking to press upon his arrival, Nasheed revealed that the Indian government has pledged to build 400 housing units in the Maldives.

During his visit, the president met with the Prime Minister of India as well as business leaders and Indian infrastructure companies.