Dredging International NV awarded US$50 million Hulhumalé reclamation project
19 Jun 2014, 1:48 PM
A US$50 million contract for dredging and reclamation work in Hulhumalé has been awarded to Belgian company Dredging International NV, the Housing Development Corporation (HDC) has announced.
HDC revealed in a press release today that the letter of award to carry out the project was issued to the company yesterday (June 18) following discussions with the government.
“The project work will commence within a period of two months and the reclamation works is estimated to be completed within a period of seven months,” read the press release.
“It is estimated that the Hulhumalé Phase II reclamation and coastal protection work will be completed by the end of December 2015.”
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