Contracts signed for regional transport networks
19 Nov 2009, 1:23 AM
Contracts were signed today to establish transport networks in the Upper North and Upper South Provinces with high speed ferries.
At a ceremony at Dharubaaruge, two contracts for 50 years each were signed with Trinus-CAE Holdings Pvt Ltd, a joint venture between a Maldivian company and a South African company.
Speaking at the ceremony, Economic Development Minister Mohamed Rasheed said a transport network was essential for national development.
In the past, he said, economic development was concentrated around the capital Male’ and nearby atolls.
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