Malé, Maldives – Indian government company National Buildings Construction Company (NBCC) has been contracted to build 2,000 housing units.
These units consist of 1,400 housing units which would have 3 bedrooms and 3 toilet units and another 600 units which would have 2 bedrooms and 2 toilets in each.
President Ibrahim Mohamed Solih, while addressing the Parliament’s inaugural session had announced that the agreements had been signed for the housing units but did not mention which contractor was awarded the projects.
He further revealed that the government has planned to start work on 5,000 flats in 2021, bringing a solution to the housing issues in Malé. The president claimed that the new units would be larger in size and relatively cheaper compared to previously built housing units.
It was revealed by Indian High Commission in Maldives in a statement they released that an agreement has been signed with NBBC to construct 2,000 low cost housing units the Greater Malé area.
The Indian High Commission revealed that NBCC and Fahi Dhiriulhun Corporation Limited (FDC) have signed an agreement on February 2, 2021.
Indian High Commission also added that NBCC has been tasked with designing, financing and building the housing units, which has been projected to be completed in 900 days. They also revealed that 100-85 of the project is to be financed by the contractor, but did not reveal the project’s value.