Government to proceed with second phase of Hulhumale’ reclamation, despite budget crisis
20 Jul 2013, 2:35 PM
Neil Merrett
The Maldives government has signed an agreement to move ahead with the second phase of reclamation work on the island of Hulhumale’, despite claiming last week that the project could face continued delays due to limited financing.
The development of Hulhumale’ near Male as a residential area was originally intended to reduce congestion in Male – one of the most crowded cities in the world, with an estimated 55,000-60,000 people per square kilometre.
The state’s renewed commitment to the Hulhumale’ reclamation work came as the government last week revealed it was in discussion with Saudi Arabia over security a US$300 million credit facility.
Despite the state’s financial concerns, President’s Office Media Secretary Masood Imad said the agreement would see work commence on a second phase of land reclamation in Hulhumale’ “as soon as possible”.
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