Tag: maldives news

Islamic Ministry proposes compulsory Zakat in new bill

Islamic minister Dr Mohamed Shaheem Ali Saeed says proposed legislation to collect, distribute, and manage Zakat would facilitate the collection of MVR500 million annually.

Speaking at a workshop involving stakeholders to the Zakat bill, Shaheem said Zakat systems are protected by law in Saudi Arabia, Bahrain, Sudan, Kuwait, and Malaysia.

“In these countries, Zakat systems have been set up and protected by law, while institutions involved in the management of Zakat have been empowered by law. Hence, it is very important that such a system be organised by law in our 100 percent Muslim country,” he said.

The Islamic ministry collected MVR52 million as Zakat last year.

The comprehensive bill defines Zakat as part of a property that must be given by a Muslim individual or business entity for charity to entitled recipients – which includes the poor, heavily indebted individuals, and travellers.

Zakat payment in the Maldives has traditionally been voluntary, but the new bill makes the annual payment compulsory and imposes a jail term of five years or a fine of MVR500,000 for non-compliance.

Wealth, assets, and income are zakatable – subject to the levy – under the new law. These include precious metal holdings, cash and other securities, trade and business inventories, and earnings from agriculture, fisheries, service delivery and mining.

Draft regulations introduced with the bill propose collecting 2.5 percent of the value of financial assets, business goods, net business profits and rent. The regulations also propose collecting 2.5 percent of net income as Zakat.

Analysis of the bill suggests the legislation avoids double taxation by deducting money collected as Zakat from taxes.

The Islamic ministry is to manage the Zakat fund. Money collected as Zakat is not property of the state and cannot be borrowed by the state for fiscal purposes, the bill said.

Protected by law

The Islamic Ministry must set up a Zakat Management Council to manage Zakat funds under the draft legislation. The council is to be supported through the state budget and advised by a Shariah Advisory Committee, appointed by the Islamic ministry.

Zakatable assets and wealth include gold, silver and other precious metals, cash and other securities, and trade and business inventories.

The persons eligible for Zakat are the poor, paupers, those under bondage, those in heavy debt, “those whose hearts are inclined towards Islam,” travellers and zakat officials. Zakat funds can also be used for ‘fi Sabililah’ (‘in the cause of Allah’) purposes or to defend Islam and improve the well being of Muslims.

The poor and paupers include those who are unable to work due to old age, those who are disabled, widows, and students who have no means of income, or those who do not have a legal benefactor.

It also includes legal guardians who are unable to provide for those under their guardianship, those who are unable to initiate an economic activity due to lack of initial capital, and victims of natural disasters.

When allocating money to the poor, the council must consider other forms of state aid and assistance they receive.

Zakat fund could also be utilised to encourage conversion to Islam, for those who strive to prevent harassment aimed at Muslims by non-Muslims and to assist those who have recently embraced Islam.

Zakat allocated for travellers may be given to Muslims who get stranded and become helpless while travelling for a lawful purpose.

The Zakat Management Council will determine the amount of money to be allocated for each category.

According to the bill, property of the state is not zakatable, while draft regulations say Zakat cannot be levied on property or money obtained via a transaction that is not permissible in Islam.

If a non-Muslim owns shares in a company being valued for Zakat, the value of their shares shall not be included in the valuation for Zakat, the draft regulations state.

Zakat funds are to be deposited in an account called the Baithul Maal as a separate and specialised account with the Maldives Monetary Authority.

The auditor general is to perform an annual audit of the Zakat Management Council under the proposed legislation.


Related to this story

More than 53,000 poor to receive Zakat

Donations made from Zakat fund to children’s home, centre for persons with special need

Alms Act to increase zakat contributions

Likes(2)Dislikes(0)

Comment: Where is the love? Chinese tourists in the Maldives

In one of Minivan News’ recent articles, a tourism sector official from the Maldives was quoted as saying:

“[E]ven though total arrivals increased, the tourism industry suffered as a whole in 2014.

Total tourist arrivals have increased compared to the previous year. However, as arrivals from Europe and Russia decrease, less income is generated as the replacing Chinese visitors spend less and stay for lesser periods,”

As the Maldivian airline that brought over 30 percent of the Chinese to the Maldives – more than any other foreign or domestic airline – we know a thing or two about Chinese visitors to the Maldives. And we would like to point out that this idea of the Chinese as the poor, pot-noodle-eating, ‘second-class’ tourist is not only offensive, but also untrue.

The data

Don’t take our word for it. Data from the World Tourism Organisation show that at US$102.2 billion, Chinese passengers were by 2012 already the biggest spenders abroad. By 2014 this had reached over US$155 billion, and is expected to hit US$194 billion in 2015.

Individual country results also show similar patterns. According to the US Travel Association, Chinese tourists spend on average US$7,200, compared to US$4,500 from other nationals. Chinese tourists are so important, that some countries, like the UK, are changing their entire visa systems to attract them.

In fact, data from our own tourism ministry also implies that the Chinese are big spenders here in the Maldives too. According to the Maldives Tourism Visitor Survey 2013, 40 percent of Chinese spent over US$5,000 (not including their hotel and air package), while only 27 percent of the Germans, 24 percent of the British, and 23 percent of Russians spent more than this in the Maldives.

So, whichever way you look at it, the data does not agree with the common (mis)perception of Chinese passengers as being poor.

The Chinese ‘fad’

We in the Maldives have consistently been wrong about the China market. Let’s not forget that in 2010, there were senior officials in the tourism sector who regarded Chinese tourists to the Maldives to be a ‘passing fad’.

Thankfully for the Maldives, it wasn’t. Since 2010, the ‘fad’ tripled from about 100,000 to 300,000 today. Chinese tourists are the reason why we count ourselves a million visitor destination today.

Retail therapy

“Yes they are here”, you say. “But they do not spend”.

Despite the statistics above, we believe there is some partial truth to this. The Chinese do not spend like the Europeans on holiday do. This is partly because ‘spending’ for Chinese on holiday meant primarily one thing: shopping.

Unlike Malaysia, Thailand, or Dubai, we in the Maldives do not do ‘shopping’ as a tourism product. So when they first arrived, the Chinese did not have much to ‘buy’: no Burberry scarves, no Godiva chocolates and no Rolex watches. It was not that they lacked money. They were simply not the type to spend US$500 on a bottle of wine (at least not one they could not take back as a gift).

This gave the local tourism industry a perception of the Chinese passenger as ‘poor’. However, those of us who sold duty-free products to them, either at the airport or on their return journeys, knew perfectly well that they were not. On one flight from Male to Beijing, the entire contents of a Mega Maldives Airlines duty-free shopping trolley were sold out. Every single item!

The coming opportunity

That said, it is unlikely that we can, or even want to turn the Maldives into a shopping-focused haven of malls and discount-retail outlets. Luckily for us, we don’t have to. The spending habits of Chinese tourists are changing.

According to research by China UnionPay – one of China’s biggest bank-card association – the importance Chinese customers assign to shopping is falling. According to data analyst at China UnionPay Chen Han:

“The data show that outbound Chinese consumers are focusing more on what they gain from their travel experiences instead of what they buy at their destinations. This shift shows a heightened awareness of ‘quality time’ during their holidays.”

This means that the Chinese tourist is becoming a little more similar to the Western tourist. They will start appreciating cuisine, drinks, spas, diving and all the other ‘experiences’ that make the Maldives unique today. However, this also presents us with an opportunity to develop a much more active and innovative tourism sector product. Maldivian culture does not have to just mean the weekly local cuisine buffet, or the staff ‘bodu-beru’ band of the resort.

We could for example, have festivals of music, art, dances, poetry and literature, all of which will be highly appealing to the Chinese market. We could have talks on conservation, sustainability, nature and the environment – concepts becoming very popular in China. Natural remedies and approaches to health and well-being, as well as meditation and ‘mindfulness’ are also increasingly popular with this market, especially as Chinese cities like Beijing become increasingly polluted.

All of these opportunities generate a lot more in terms of jobs and creative opportunities for our youth, and is much better for us than selling a $20,000 Gucci handbag.

How will we get this diversified product to the tourists? The answer to this question may be difficult, but the Maldives tourism product has shown itself to be highly dynamic. The recent emergence of guest houses is one such example of this dynamism. The current government’s ‘Thumburi project,’ is also another very good opportunity to diversify these products and really develop a product that appeals to the Chinese market.

Where is the love?

Look around you. Every country in the world – from Canada to South Africa – is spending hundreds of millions of dollars in promoting their destination in the hope of attracting Chinese tourists.

But we in the Maldives, with our pristine natural beauty, were able to make the Chinese fall in love with us with little or no effort. It’s about time we put our prejudices aside and learnt to love them back.

Mizna Ahmed is a Director at Mega Maldives.


Related to this story

MMPRC to further boost Chinese visitors with tourism roadshow

Maldives mulls tourism future as China reaches quarter of all arrivals

Likes(5)Dislikes(0)

MTCC to purchase US$36 million dredger

The Maldives Transport and Contracting Company (MTCC) has revealed plans to purchase a US$36 million land reclamation dredger, reports local media.

According to Vnews, the purchase of the dredger would make it the biggest and most expensive to be operated locally in the Maldives.

MTCC CEO Ibrahim Abdul Razzaq told Vnews that the dredger is a ‘hopper suction dredger’, which would be capable of reclaiming one hectare in just two days.

“This is an investment to ease the land reclamation projects done in the Maldives,” said Ibrahim. “We are currently talking with Holland’s IHC Company regarding the purchase, the dredger will be designed to be suitable for Maldives.”

Source: Vnews

Likes(3)Dislikes(0)

City council dismisses allegations of MDP favouritism at City Hall

Malé City Council (MCC) has dismissed suggestions made by the housing minister that it favours the opposition Maldivian Democratic Party (MDP) when renting out Malé City Hall.

An MCC press statement released yesterday (January 11) said the council rents out the hall in accordance to the constitution, laws, and relevant regulations, and that the council does not give preference to any party or individual when renting out the public space.

In a tweet posted on Saturday (January 12) housing minister Dr Mohamed Muizzu alleged that the council premises were “not being used to serve the public”, but instead as an MDP headquarter.

The council’s response condemned the remarks, assuring the public that all private and public events were held at City Hall without discrimination.

The council – dominated by MDP members – also noted that in 2014 alone the council received MVR158,150 (US$10,300) from renting the hall, and that the entire sum has been transferred to the finance ministry to be added to state reserves.

Speaking to Minivan News yesterday, Malé City Deputy Mayor Shifa Mohamed said that the “government is coming up with lies and excuses to take over the building from where MCC is run, after it has already transferred all public spaces and roads under the Council’s authority.”

Shifa has previously suggested that the government was plotting to “destroy decentralization” after the housing ministry seized numerous plots of land from the council including two parks, the artificial beach, carnival area, south harbor, Usfasgandu, Dharubaaruge, and land near the T- Jetty.

With the removal of road maintenance duties in the capital late last year, the council has said it remains in charge only of facilitating construction, issuing death and birth certificates, and cleaning mosques.

Last month, the council expressed concern after 377 of its employees were transferred to the Ministry of Housing and Infrastructure without prior notice – constituting over a third of its workforce.

Speaking at the time, Mayor Mohamed Shihab said that the council has only been operating within the powers granted to it by the Decentralisation Act, adding that the government has been persistently making its work difficult.

In November 2014, nearly all services at the council came to a halt after police confiscated important documents and several hard drives, including the server system necessary for daily operation.

Police searched and confiscated the council’s office on the night of November 26 after a search warrant was requested from the Criminal Court regarding a corruption case against council staff.

However, the council denied the corruption allegations, which had alleged staff had used documents sent by the housing ministry to gain unlawful advantages.

Speaking at the time, Maafannu Hulhangu Constituency Councillor Shamau Shareef said the incident was one of many intended to intimidate the council and to prevent it from providing the services to the people of Malé.

October also saw masked individuals wielding machetes cut down over 30 council-owned areca palm trees along the capital’s main thoroughfare, Majeedhee Magu  – an attack former President Mohamed Nasheed alleged was carried out by off duty special operations officers.


Related to this story

Over one third of Malé City Council staff transferred to Housing Ministry

Malé City Council close to shut-down after police confiscate documents and server system

Malé City Council helpless as housing ministry takes over all land, public services staff

Can decentralisation take root in the Maldives?

Likes(1)Dislikes(0)

MDP requests details on President Yameen’s health, visits to Singapore

Expressing concern that President Abdulla Yameen may be incapable of carrying out his duties, the opposition Maldivian Democratic Party (MDP) has requested the President’s Office to provide details on Yameen’s health and visits to Singapore.

In a letter to Vice President Dr Mohamed Jameel Ahmed today, MDP Deputy Chairperson Ali Shiyam asked the President’s Office to publicise details of the number of official and unofficial visits Yameen had undertaken to Singapore since he assumed office in November 2013.

The MDP also asked for details on the number of days Yameen spent in Singapore, the number of individuals who accompanied the president, the amount of money spent from the state budget, and details of the president’s health.

Yameen is currently in Singapore on an unofficial visit. He left the country with First Lady Fathimath Ibrahim on January 7. The President’s Office did not reveal details of the president’s arrival.

Yameen has travelled to Singapore at least five times between July 29 and the end of November last year. This includes two stop-overs in Singapore – one in August and one in November – on the way to China and Nepal, respectively.

Opposition leader and former President Mohamed Nasheed first raised concerns over the president’s health in October.

During Malé’s water crisis in December, the MDP passed a resolution claiming the government had failed to perform its duties and declaring support for Jumhooree Party leader Gasim Ibrahim to assume power.

“The country is under a very dark cloud at the moment,” said Nasheed at the time. “The president is not fulfilling presidential duties and ruling in absentia. So it is better for him to handover governance to Gasim Ibrahim.”

Yameen had been in Singapore then, but cut short his unofficial trip and returned to Malé. The capital’s 130,000 residents had been left without running water due to a fire at the water plant.

The President’s Office has since denied reports of ill-health, including a rumour that the president was undergoing brain surgery.

Ruling Progressive Party of the Maldives has condemned the resolution as irresponsible, while the prosecutor general has requested the Elections Commission to take all possible legal action against the MDP for the resolution.

In today’s letter, the MDP suggested the country was facing a state outlined in Article 123 and 124 of the Constitution where the president was incapable of fulfilling the duties of his office.

Article 123 states if the president believes himself temporarily unable to perform the duties and responsibilities of office, he should inform the Speaker of the People’s Majlis in writing and handover duties and responsibilities to the vice president.

If the president is unable to perform duties and responsibilities of the office and is not able to inform the Speaker of the People’s Majlis in writing due to the nature of the inability, the vice president must do so with the approval of the majority of the cabinet and assume responsibilities.

Article 124 states the speaker or deputy speaker must carry out the duties of the presidency if both the president and vice president are absent or temporary incapable of performing the responsibilities of the office of the president.

The president can resume responsibilities after informing the speaker.


Related to this story

Public should be informed about president’s health, says Nasheed

PG orders Elections Commission to reprimand MDP for resolution on transfer of power

MDP calls on the government to hand power to JP leader Gasim

Likes(2)Dislikes(0)

Charlie Hebdo massacre demonstrates “profound need to counter radicalism,” says President Yameen

In a message of sympathy towards the victims of the France attacks, President Abdulla Yameen has said the massacre of 12 cartoonists demonstrates “yet again the profound need to counter radicalism, and to promote tolerance and moderation, which are the true values of Islam”.

On January 9, two masked gunmen armed with AK-47 assault rifles forced themselves into the Paris offices of French publication Charlie Hebdo, killing 12 cartoonists including the editor before escaping by car.

The message addressed to the French President, H.E Mr. Francois Hollande, condemned the “massacre at the Charlie Hebdo office in Paris, and other barbaric acts of terrorism unleashed on France in the last few days by a radical group of terrorists”.

Charlie Hebdo has a history of controversy due to its publication of satirical cartoons depicting Prophet Mohamed, which is strictly forbidden in Islam as it is believed to be akin to idolatry.

Audio from CCTV footage captured during the attack revealed that the attackers shouted: “We have avenged the Prophet Mohamed. We have killed Charlie Hebdo,” before departing from the scene.

Both the attackers were since killed at a later confrontation by French Security Forces, while a woman believed to be an accomplice to the attacks have been reported to have travelled to Syria.

In a tweet, Former President Mohamed Nasheed also strongly condemned the attack, while extending his co‎ndoleces to the families and friends of the victims.

Meanwhile, Bristish tabloid newspaper the Daily Mirror reported that a Maldivian born man – believed to be an Islamic State Jihadist fighter in Syria – hinted that France would suffer a tragedy the day before the attacks in a tweet. Minivan News has not been able to independently verify these reports.

Speaking to the media last week, Commissioner of Police Hussein Waheed revealed that there are over 50 Maldivians fighting in foreign wars.

“These people leave the country under normal procedures. So it is not easy to identify if they are traveling to go fight with foreign rebel groups,” Waheed told the press on Thursday.

In the last two weeks, two immigration officers and a suspect in the brutal murder of MP Dr Afrasheem Ali were reported to be among a group of twelve Maldivians to travel to Syria for Jihad via Turkey. The group also consists of two women and a one-year-old infant.

Maldivians are not barred from international travel, Waheed said, and so “it is not easy to figure out what motive they are traveling for”.

In November, Sri Lankan police detained three Maldivians who were allegedly preparing to travel to Syria through Turkey.

The incident followed reports of a couple from Fuvahmulah and a family of four from Meedhoo in Raa Atoll travelling to militant organisation Islamic State-held (IS) territories.

In November, a jihadist group called Bilad Al Sham Media (BASM) – which describes itself as ‘Maldivians in Syria’ – revealed that a fifth Maldivian had died in Syria.

A protest march took place in the capital, Malé, in September, with around 200 participants bearing the IS flag and calling for the implementation of Islamic Shariah in the Maldives.

In late August, Foreign Minister Dunya Maumoon issued a press statementcondemning “the crimes committed against innocent civilians by the organisation which identifies itself as the Islamic State of Iraq and the Levant or the Islamic State of Iraq and Syria.”


Related to this story

Two immigration officers and Afrasheem murder suspect among group of twelve jihadis

Police detain Maldivian jihadis caught in Sri Lanka

More than seven Maldivians fighting in foreign civil wars, reveals home minister

Six Maldivians reported as latest to travel for jihad, taking one-year-old infant

Likes(6)Dislikes(0)

Teacher’s Association welcomes salary hikes

The Teacher’s Association of Maldives (TAM) has welcomed rises to teacher salaries, but noted that the organisation needs to analyse the changes in order to see if teachers’ demands were “satisfactorily met”.

Speaking to Minivan News, TAM’s Secretary General Ali Nazim said the government had not yet released details of the new pay structure despite schools opening up for the new academic year today.

“We welcome the increases in salaries. We have some concerns, we will release a full statement after analysing the changes brought, if they satisfactorily meet our demands”, Nazim said.

The education ministry on Friday announced teachers’ salaries would be increased by 35 and 15 percent depending on the qualification they held.

Those with a Bachelors degree were awarded a MVR3,600 hike – increasing take home pay from MVR11,238 to to MVR14,894, and teachers with a Diploma Certificate were awarded a MVR2,600 hike – increasing take home salary from MVR8,671 to MVR11,337.

Teachers who hold other qualifications were awarded increases between 25 and 15 percent.

Vice president Dr Mohamed Jameel Ahmed today said that the increment to teachers’ salaries would improve the quality of education throughout the country.

Ad hoc policy

Speaking to Minivan News regarding the implementation of the new curriculum for grades one through three, former education minister Shifa Mohamed stated that the introduction of the curriculum came without adequate preparation. Parents and teachers have not been properly briefed on the changes to the teaching style, approach and the aims of the curriculum, she said.

“According to a baseline study, communication and comprehension skills of students are decreasing. Teachers and parents must know that those skills are the skills that are to be targeted and improved through the new curriculum,” said Shifa.

She also expressed concern over the government’s “indecisiveness and lack of consistency” with regards to changes brought to the school management structure, claiming the government had decided to remove the post of deputy principals and leading teachers who play a decisive role in implementing the new curriculum. The ministry had made the decision due to pressure, she said.

“Deputy principals and leading teachers did not have the guarantee that they would have a job by the start of the academic year. That will surely affect their performance.”

Shifa, who currently serves as the Malé City deputy mayor, also said that 14 political appointees were heading all the departments in the ministry despite the civil service regulations requiring otherwise.

“Despite the many political appointees, what we are seeing is the lack of planning and organisation. Quran, Islam, and Dhivehi textbooks for grade 1, 2 and 3 have still not been printed,” Shifa said.

The education ministry’s Permanent Secretary Dr Abdul Mushin said although the ministry had not printed all the books, they are compiled and ready for printing.

Muhsin claimed it was customary to print the final copies after hearing responses from students, teachers, and parents. He also assured that all lessons would be printed individually and made available to students as they are printed.

Opposition leader and former President Mohamed Nasheed, in his message on the start of the new academic year, stated that the key to building a civilized and developed society is education, and stressed the importance of a single session school system.

Meanwhile local media have reported that parents of Feevah Island school in Shaviyani Atoll have closed the school in protest as only six out of 13 teachers turned up for work today. Haveeru reported that the school had not received text books.

Similary, Gulhi Island school, in Kaafu Atoll, local teachers did not turn up for work today in protest against the principal.

Furthermore, students enrolled at the new Hulhumalé pre-school were forced to go to school in plain clothes to the old temporary building as the education ministry had failed to find a party to run the new school on a contract basis.


Related to this story

Education Ministry hikes teachers’ pay by 35 and 15 percent

Teachers’ Black Sunday protest prompts government talks, strike decision pending

Teachers across Maldives take part in ‘black protest’

Likes(2)Dislikes(0)

Supreme Court to hear corruption charges against MP Ahmed Nazim

The Supreme Court has accepted an appeal into corruption charges against MP Ahmed Nazim.

The ruling Progressive Party of Maldives MP was charged with four counts of corruption in late 2009 for allegedly conspiring to defraud the former Ministry of Atolls Development.

According to the prosecutor general, an appeal was filed after new Prosecutor General Muhuthaz Muhsin took office in July.

The Maldives Police Services in October withheld the MP’s passport on charges of blackmail, while Nazim was linked with alleged attempts to link tourism minister Ahmed Adeeb with the disappearance of Minivan News journalist Ahmed Rilwan last August.

Shortly after the controversial transfer of presidential power in February 2012, the Criminal Court had ruled that there was insufficient evidence implicating the MP in the atolls ministry scam.

The Prosecutor General’s Office appealed the decisions later that year at the High Court on the grounds that the Criminal Court had refused to accept state witnesses.

In February 2013, the court of appeal ruled that the prosecution was unable to prove that Nazim’s employees signed bogus bid proposals on his instructions.

Moreover, the High Court referred to a Supreme Court precedent which established that accomplices to a crime could not testify for or against an alleged partner to the crime.

The scam – first flagged in an audit report released in early 2009 – involved paper companies allegedly set up by Nazim to win bids for projects worth several hundred thousands dollars, including the fraudulent purchase of harbour lights, national flags, and mosque sound systems.

At a press conference in August 2009, police exhibited numerous quotations, agreements, tender documents, receipts, bank statements, and forged cheques showing that Nazim received over US$400,000 in the scam.

A hard disk seized during a raid of Nazim’s office in May 2009 allegedly contained copies of forged documents and bogus letterheads.

Police alleged that money was channelled through the scam to Nazim who laundered cash through Namira Engineering – of which Nazim was the managing director – and unregistered companies.

Paper companies were allegedly formed using Namira’s equipment and staff to bid for public tenders announced by the now-defunct ministry.

According to the audit report,  evidence was uncovered linking those companies to Nazim with phone and fax numbers stated on the bidding documents registered under his address while the company shareholders were either working at Namira or relatives of Nazim.

Then-employees of Namira testified under oath that they were instructed by Nazim to bid for the projects – however, the Criminal Court judge concluded from their testimonies that they were responsible for the procurement fraud and dismissed their testimonies.

The Criminal Court in 2012 also acquitted MP ‘Red Wave’ Saleem and President Abdulla Yameen’s half-brother Abdulla Algeen Abdul Gayoom of corruption charges.


Related to this story

High Court upholds dismissal of corruption charges against deputy speaker of parliament

MP Nazim returns to Maldives, passport confiscated by immigration

Judge frees Nazim from all corruption charges: “acts not enough to criminalise”

Deputy Speaker Nazim “mastermind” of scam to defraud atolls ministry: state prosecutors

Likes(2)Dislikes(0)

Hulhumalé reclamation to cost US$22 million less than expected, says Tourism Minister

The second phase of the Hulhumalé land reclamation project will cost US$ 22 million less than expected and will now amount to US$50 million, Tourism Minister Ahmed Adeeb has said.

Speaking to Haveeru, Adeeb said the cost of the project had been reduced after President Abdulla Yameen held direct discussions with the dredging companies. Land reclamation began last night (January 10).

“Reclaiming the land and the revetments will now be completed at US$50 million after ceaseless effort by President Yameen. He held many discussions with the current contractor Belgium Dredging International to bring the price down,” said Adeeb.

Adeeb said Yameen had secured the US$30 million loan from Bank of Ceylon to finance the project.

Hulhumalé phase one reclamation saw 188 hectares of land reclaimed to house a population of 60,000, while the second phase aims to house 100,000 residents.

Likes(1)Dislikes(0)