Finance Committee approves reallocating southern flats to Hulhumalé
08 Jul 2014, 4:17 PM
Ahmed Rilwan
Parliament’s finance committee has approved President Abdulla Yameen’s proposal to relocate 704 out of 1,500 housing units, planned for the southern four atolls, to Hulhumalé.
The 1,500 housing units were originally planned to be constructed in Gaaf Alif, Gaaf Dhaal, Fuvahmulah, and Addu City with a MVR2.5 billion (US$162 million) loan secured from the Chinese EXIM bank under President Mohamed Nasheed’s administration.
The request to move 704 units to Hulhumalé was first made by President Dr Mohamed Waheed in December 2012, but denied by parliament at the time.
President Yameen, who has pledged to develop a ‘youth city’ in Hulhumalé with a population of 50,000, recently requested the same change, stating there is “no need at present” to build more than 796 housing units in the southern atolls under the project.
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