Malé, Maldives – The Maldives Transport and Contracting Company (MTCC) stated today that the company has completed the reclamation phase of the Gulhifalhu project.
MTCC further confirmed that the project worth MVR 8.9 million was completed on 13 September 2021. The Gulhifalhu dredging and reclamation project has completed land reclamation of 80,000 cubic meters with coastal protection of 380 meters.
The Gulhifalhu reclamation project, estimated to cost USD 120 million (MVR 1.86 billion) was launched by the government on May 6, 2020 to facilitate the relocation of the Male’ Commercial Port and create accommodation for 40,000 expatriates. The parliament later added the condition for housing with 1,200 plots assigned to the Malé locals.
The first phase of the Gulhifalhu project, contracted to the Dutch dredging company, Boskalis Westminster Contracting Ltd, for USD 53 million (MVR 817 million) was completed in January 2021.