Malé Commercial Port Project Shifts From Gulhifalhu to Thilafushi

President Mohamed Muizzu announced the relocation of the Malé Commercial Port from Gulhifalhu to Thilafushi, citing that Gulhifalhu is not optimal for development. A world-class port will be built at Thilafushi, complementing airport development to diversify the economy. The project, costing US$400 million (MVR 6.1 billion), will have capacity for 400,000 twenty-foot containers and is scheduled for completion in 2026. India's Exim Bank is providing a Line of Credit covering 75% of the cost, with a tender expected soon.

President Mohamed Muizzu announced the relocation of the Malé Commercial Port from Gulhifalhu to Thilafushi, citing that Gulhifalhu is not optimal for development. A world-class port will be built at Thilafushi, complementing airport development to diversify the economy. The project, costing US$400 million (MVR 6.1 billion), will have capacity for 400,000 twenty-foot containers and is scheduled for completion in 2026. India's Exim Bank is providing a Line of Credit covering 75% of the cost, with a tender expected soon.

President Mohamed Muizzu announced the relocation of the Malé Commercial Port from Gulhifalhu to Thilafushi, citing that Gulhifalhu is not optimal for development. A world-class port will be built at Thilafushi, complementing airport development to diversify the economy. The project, costing US$400 million (MVR 6.1 billion), will have capacity for 400,000 twenty-foot containers and is scheduled for completion in 2026. India's Exim Bank is providing a Line of Credit covering 75% of the cost, with a tender expected soon.

This story involves 1 source and may affect public understanding of port / thilafushi.