Government Onboards Two More Chinese Companies for Rasmalé Project Amid Ongoing Delays

Two Chinese companies have been awarded contracts for the last two of 12 sites in the Rasmalé project. Only 29 hectares have been reclaimed at Site J. Nine sites have been awarded to India's MME and China's CRCC. CHEC was awarded Sites C and E. The EPA released the EIA for the last two sites, with completion by May 2026. Site B, assigned to CRCC, is expected to be completed by September 2025. Work is only active at Site D. The project is now funded through an undisclosed loan from HDC, after initial financing via CMCC failed. Minister Muththalib estimated the cost at US$500-700 million.

Two Chinese companies have been awarded contracts for the last two of 12 sites in the Rasmalé project. Only 29 hectares have been reclaimed at Site J. Nine sites have been awarded to India's MME and China's CRCC. CHEC was awarded Sites C and E. The EPA released the EIA for the last two sites, with completion by May 2026. Site B, assigned to CRCC, is expected to be completed by September 2025. Work is only active at Site D. The project is now funded through an undisclosed loan from HDC, after initial financing via CMCC failed. Minister Muththalib estimated the cost at US$500-700 million.

Two Chinese companies have been awarded contracts for the last two of 12 sites in the Rasmalé project. Only 29 hectares have been reclaimed at Site J. Nine sites have been awarded to India's MME and China's CRCC. CHEC was awarded Sites C and E. The EPA released the EIA for the last two sites, with completion by May 2026. Site B, assigned to CRCC, is expected to be completed by September 2025. Work is only active at Site D. The project is now funded through an undisclosed loan from HDC, after initial financing via CMCC failed. Minister Muththalib estimated the cost at US$500-700 million.

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