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News Fushidhiggaru / budget Fushidhiggaru Impact 7.0/10 3 min read
Government Moves Ahead With Fushidhiggaru Reclamation Despite Budget Cut

Government Moves Ahead With Fushidhiggaru Reclamation Despite Budget Cut

Sri Lanka's Capital Marine and Civil Construction (CMC) has been awarded a contract to reclaim land in Fushidhiggaru lagoon, despite Parliament removing the MVR 400 million budget allocation. The project spans three years with a proposed expenditure of MVR 1.4 billion, aiming to reclaim 1,280 hectares and build 31,500 housing units. President Mohamed Muizzu committed to providing housing for 65,000 people by reclaiming land from multiple lagoons. Urbanco temporarily halted the Hulhumalé western lagoon reclamation project due to dredger repairs and environmental concerns. Housing Minister Dr Ali Haidar clarified that plot locations may slightly differ but size and island remain unchanged. Parliament passed the 2024 Budget redirecting funds to ongoing housing projects.

Sri Lanka's Capital Marine and Civil Construction (CMC) has been awarded a contract to reclaim land in Fushidhiggaru lagoon, despite Parliament removing the MVR 400 million budget allocation. The project spans three years with a proposed expenditure of MVR 1.4 billion, aiming to reclaim 1,280 hectares and build 31,500 housing units. President Mohamed Muizzu committed to providing housing for 65,000 people by reclaiming land from multiple lagoons. Urbanco temporarily halted the Hulhumalé western lagoon reclamation project due to dredger repairs and environmental concerns. Housing Minister Dr Ali Haidar clarified that plot locations may slightly differ but size and island remain unchanged. Parliament passed the 2024 Budget redirecting funds to ongoing housing projects.

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Maldives Republic

Published

Dec 14, 2023

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3 min

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Sri Lanka's Capital Marine and Civil Construction (CMC) has been awarded a contract to reclaim land in Fushidhiggaru lagoon, despite Parliament removing the MVR 400 million budget allocation. The project spans three years with a proposed expenditure of MVR 1.4 billion, aiming to reclaim 1,280 hectares and build 31,500 housing units. President Mohamed Muizzu committed to providing housing for 65,000 people by reclaiming land from multiple lagoons. Urbanco temporarily halted the Hulhumalé western lagoon reclamation project due to dredger repairs and environmental concerns. Housing Minister Dr Ali Haidar clarified that plot locations may slightly differ but size and island remain unchanged. Parliament passed the 2024 Budget redirecting funds to ongoing housing projects.

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