Muizzu Administration Concedes to Stalling of Flagship Rasmalé Project

The Muizzu administration has conceded that the flagship Rasmalé land reclamation project has stalled. The project, launched by President Muizzu on 18 December 2023, aimed to reclaim 1,153 hectares of land in Fushidhiggaru Falhu within eight months. However, only about 10 hectares at 'Site J' were reclaimed before it stopped. The project was contracted to Sri Lanka-based Capital Marine and Civil Construction Company (CMCC) under a contractor finance agreement. Minister of Construction and Infrastructure Abdulla Muththalib admitted the delay and stated that the original timeline will not be met due to CMCC's failure to secure financing. The government now seeks alternatives to complete reclamation by year-end and has decided to terminate CMCC's contract. The project faced controversy over lack of transparency, and parliament had removed MVR 400 million from the 2024 budget for it.

The Muizzu administration has conceded that the flagship Rasmalé land reclamation project has stalled. The project, launched by President Muizzu on 18 December 2023, aimed to reclaim 1,153 hectares of land in Fushidhiggaru Falhu within eight months. However, only about 10 hectares at 'Site J' were reclaimed before it stopped. The project was contracted to Sri Lanka-based Capital Marine and Civil Construction Company (CMCC) under a contractor finance agreement. Minister of Construction and Infrastructure Abdulla Muththalib admitted the delay and stated that the original timeline will not be met due to CMCC's failure to secure financing. The government now seeks alternatives to complete reclamation by year-end and has decided to terminate CMCC's contract. The project faced controversy over lack of transparency, and parliament had removed MVR 400 million from the 2024 budget for it.

The Muizzu administration has conceded that the flagship Rasmalé land reclamation project has stalled. The project, launched by President Muizzu on 18 December 2023, aimed to reclaim 1,153 hectares of land in Fushidhiggaru Falhu within eight months. However, only about 10 hectares at 'Site J' were reclaimed before it stopped. The project was contracted to Sri Lanka-based Capital Marine and Civil Construction Company (CMCC) under a contractor finance agreement. Minister of Construction and Infrastructure Abdulla Muththalib admitted the delay and stated that the original timeline will not be met due to CMCC's failure to secure financing. The government now seeks alternatives to complete reclamation by year-end and has decided to terminate CMCC's contract. The project faced controversy over lack of transparency, and parliament had removed MVR 400 million from the 2024 budget for it.

This story involves 1 source and may affect public understanding of government admission / rasmalé project.