STO “quite sure” 17,000 tonne shipment of almost depleted building materials will arrive next month

The State Trading Organisation (STO) has announced that a 17,000 tonne shipment of aggregate and river sand will be imported to the Maldives in April.

The announcement follows recent concerns made by the company over its dwindling stocks of both materials, after India revoked its quota to export the material to the Maldives.

Managing Director of STO Shahid Ali told local media that the company is “quite sure” a 17,000 tonne shipment of aggregate and river sand will be brought in early next month.

Local media reported that the shipment will be coming from both Sri Lanka and Bangladesh.


Construction companies experiencing aggregate and river sand shortage

Construction companies in the Maldives have said they are experiencing a shortage in the supply of aggregate and river sand.

Under a special quota from the Indian government, aggregate was imported to the Maldives from India. However the quota was temporarily revoked on February 15.

Managing Director of State Trading Organisation (STO) – one of the main suppliers of construction materials – Shahid Ali, told local media on Wednesday (March 21) that the company has a limited supply of aggregate and river sand left in its storage.

“Our aggregate and river sand stock is quite low. So we are currently supplying to government projects only. We don’t really have enough for sale,” Shahid was quoted as saying in local media.

According to STO Managing Director, the company is currently carrying out talks with parties in Pakistan, Malaysia and Bangladesh to acquire the products.