An out-of-court settlement was reached after Tata Housing filed for arbitration.
The airport was a campaign pledge from President Abdulla Yameen in 2013.
The government has been aiming for 1.5 million annual tourist arrivals for several years.
The sculptures were part of a semi-submerged gallery at the Fairmont Maldives Sirru Fen Fushi.
Clerics and politicians said the sculptures were un-Islamic.
Almost 30 sculptures are part of a semi-submerged gallery at the Maldives Sirru Fen Fushi.
The Maldives Customs Service meanwhile collected MV280 million as import duties.
The three largest Chinese projects in the Maldives are said to be worth $1.5 billion.
The loan was announced almost two months ago but basic questions about it remain unanswered.
Almost 900,000 tourists had visited the Maldives by July 2018.
Pilots have been suspended after landing on the non-operational runway.
Guesthouses in the Maldives have 8,000 beds between them.
The president has set his 2018 re-election bid on infrastructure projects.
Fines will be waived from 27 August to 27 October.
Public ferry services to the airport island and Hulhumalé will be affected.
Maafinolhu is an uninhabited island that lies inside the same lagoon as Hoarafushi.
An income tax bill was proposed by the MDP government in 2011.