Malé, Maldives – Environmental Protection Agency (EPA) has fined Faarufushi Investment Pvt. Ltd. by MVR 275,000 for not adhering to the Environmental Impact Assessment (EIA) for resort development.
In a press statement, the EPA stated that the resort development went against the EIA report and must pay the fine within 30 days of notice sent on 20 October 2021.
Environmental Impact Assessment (EIA)s are required under the Environmental Protection & Preservation Act of the Maldives (Law No. 4/93) and precisely the Environmental Impact Assessment (EIA) Regulation (2007) and First Amendment (2012) to the EIA regulation.
EPA fined Faarufushi Investment Pvt. Ltd. under Article 16 on determining fines for going against the EIA and Article 20(a) on assessing the environmental damage caused.
Faarufushi Maldives resort was developed for luxury tourism and opened in March 2019 with 80 rooms which holds a capacity of 160 beds.
In September 2021, the Tourism Ministry disclosed that a request has been made to transfer the leasing holding rights from current owner Faarufushi Investments Pvt. Ltd to an undisclosed buyer of the property.