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News lagoon / budget removal Maldives Impact 5.0/10 2 min read
Fushidhiggaru Lagoon Project Removed From 2024 Budget

Fushidhiggaru Lagoon Project Removed From 2024 Budget

The MVR 400 million allocation for the Fushidhiggaru Lagoon reclamation project was removed from the 2024 National Budget by the Parliament Budget Committee. The project, central to President Mohamed Muizzu's housing policy, was originally planned with a total budget of MVR 1.4 billion over three years (MVR 400 million in 2024, MVR 600 million in 2025, MVR 350 million in 2026). It was to be implemented by the Ministry of Housing, Land and Urban Development. Additionally, MVR 10 million was allocated for legal efforts to challenge the ITLOS maritime delimitation decision that allegedly ceded territory to Mauritius. The appeal is to begin within the first 100 days of Muizzu's presidency. ITLOS decided on the delimitation in April 2023 based on equidistance.

The MVR 400 million allocation for the Fushidhiggaru Lagoon reclamation project was removed from the 2024 National Budget by the Parliament Budget Committee. The project, central to President Mohamed Muizzu's housing policy, was originally planned with a total budget of MVR 1.4 billion over three years (MVR 400 million in 2024, MVR 600 million in 2025, MVR 350 million in 2026). It was to be implemented by the Ministry of Housing, Land and Urban Development. Additionally, MVR 10 million was allocated for legal efforts to challenge the ITLOS maritime delimitation decision that allegedly ceded territory to Mauritius. The appeal is to begin within the first 100 days of Muizzu's presidency. ITLOS decided on the delimitation in April 2023 based on equidistance.

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Maldives Republic

Published

Dec 8, 2023

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2 min

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The MVR 400 million allocation for the Fushidhiggaru Lagoon reclamation project was removed from the 2024 National Budget by the Parliament Budget Committee. The project, central to President Mohamed Muizzu's housing policy, was originally planned with a total budget of MVR 1.4 billion over three years (MVR 400 million in 2024, MVR 600 million in 2025, MVR 350 million in 2026). It was to be implemented by the Ministry of Housing, Land and Urban Development. Additionally, MVR 10 million was allocated for legal efforts to challenge the ITLOS maritime delimitation decision that allegedly ceded territory to Mauritius. The appeal is to begin within the first 100 days of Muizzu's presidency. ITLOS decided on the delimitation in April 2023 based on equidistance.

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Unique detail: Fushidhiggaru Lagoon Project Removed From 2024 Budget

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Maldives Republic

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