Muizzu Administration to Establish MTCC ‘Twin’ to Relieve Overly Burdened SOE

The Muizzu administration will establish a 'twin' company to the Maldives Transport and Contracting Company (MTCC) to handle major infrastructure and transport projects, as MTCC is overwhelmed. Principal Secretary Abdulla Nazim Ibrahim confirmed the cabinet's decision at a press conference on Sunday. Minister of Construction Abdulla Muththalib had earlier noted that 46 projects awarded to MTCC had stalled. The new company aims to speed up implementation. MTCC is a publicly listed company with a majority government stake.

The Muizzu administration will establish a 'twin' company to the Maldives Transport and Contracting Company (MTCC) to handle major infrastructure and transport projects, as MTCC is overwhelmed. Principal Secretary Abdulla Nazim Ibrahim confirmed the cabinet's decision at a press conference on Sunday. Minister of Construction Abdulla Muththalib had earlier noted that 46 projects awarded to MTCC had stalled. The new company aims to speed up implementation. MTCC is a publicly listed company with a majority government stake.

The Muizzu administration will establish a 'twin' company to the Maldives Transport and Contracting Company (MTCC) to handle major infrastructure and transport projects, as MTCC is overwhelmed. Principal Secretary Abdulla Nazim Ibrahim confirmed the cabinet's decision at a press conference on Sunday. Minister of Construction Abdulla Muththalib had earlier noted that 46 projects awarded to MTCC had stalled. The new company aims to speed up implementation. MTCC is a publicly listed company with a majority government stake.

This story involves 1 source and may affect public understanding of soe / infrastructure.