Government Plans $600M Loan After Rasmalé Financing U-Turn
The government has reversed its earlier contractor-financing model for the Rasmalé project and is now planning to raise US$600 million...
Muizzu Orders Advance Payment for Rasmalé Reclamation from State Reserves or Indian Swap Facility
President Mohamed Muizzu has directed the Finance Ministry to make an advance payment for the stalled reclamation work at Fushidhiggaru...
HDC to Resume Land Reclamation in Fushidhiggaru Lagoon in August
The Housing Development Corporation (HDC) is preparing to revive the stalled land reclamation work in the Fushidhiggaru lagoon, a crucial...
Ras Malé Project Moving Forward Despite Technical Challenges: Construction Minister
The reclamation work in the Ras Malé project, one of the administration’s largest projects, began without initially banking enough sand,...
Housing Ministry to Source Overseas Consultant for Ras Malé Development
Minister of Housing, Land and Urban Development Ali Haider on Thursday confirmed that an overseas consultant is being sought for...
President’s Office Shoots Down Opposition Allegations on China MoU
The Mohamed Muizzu administration moved to squash allegations by the opposition that the President had signed an agreement with China...
HDC to Nix ‘Urbanco’ Branding
The Housing Development Corporation (HDC) will cease using the ‘Urbanco’ brand name, it has been confirmed. HDC was rebranded ‘Maldives...
Joint Parliamentary Committee to Examine Government’s Ras Malé Project
Parliament has intensified its scrutiny of the government’s flagship Ras Malé project, referring an emergency motion seeking comprehensive details about...
Ras Malé Reclamation Project Raises Transparency and Governance Concerns
The recent developments surrounding the Ras Malé land reclamation project, the flagship initiative of the current government, have ignited widespread...
Controversy Surrounds President Muizzu’s ‘Ras Malé’ Land Reclamation Project
A case filed with the Anti-Corruption Commission (ACC) has cast a shadow of controversy over the massive land reclamation project...
