Planning Ministry Signs Agreements with MTCC for Three Infrastructure Projects

MV+ News Desk | August 21, 2023
Photo: Planning Ministry

The Maldives Transport and Contracting Company (MTCC) has signed a series of agreements with the Ministry of National Planning, Housing, and Infrastructure, focusing on development projects in M.Raiymandhoo, Sh.Funadhoo and Th. Kinbidhoo.

Of notable significance is the contract awarded to the MTCC for the Raiymandhoo Harbour development and shore protection. Valued at a substantial sum of MVR 68,930,879.04, this project is slated for completion within a span of 480 days.

Furthermore, the MTCC has secured the contract for the Funadhoo land reclamation project. This endeavour, valued at MVR 139,722,300, is set to be concluded within a timeline of 360 days.

Meanwhile, the Kinbidhoo land reclamation project has also been entrusted to the expertise of the MTCC. The contract value of MVR 148,207,546.80, this undertaking is anticipated to reach completion in just 340 days.

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