Government undecided on luxury housing project
A stretch of Malé’s ring road closed off for the project is to be reopened.
09 Mar 2019, 9:00 AM
An agreement has yet to be reached with contractors over a luxury housing project in Malé’s western waterfront, the housing ministry said Thursday.
The Coral Boulevard or ‘Rasfannu Mixed Use Development Project’ – under which 533 residential bedrooms, 228 hotel rooms, and retail stores were to be built in four towers – was launched in July last year by former president Abdulla Yameen.
The project was stalled after the change of government in November. President Ibrahim Mohamed Solih’s administration planned to relocate the towers to to the capital’s suburb in Hulhumalé.
The Singapore-based contractor Chang Hua was previously enlisted to build the 25-storey Dharumavantha hospital, a US$140 million project marred by accusations of corruption and criticism over the high price tag after it was awarded without an open bidding process in March 2015.
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