Reclamation Work Commences on Site B of Hulhumalé Phase III Project

Urbanco announced the commencement of reclamation work on Site B of the Hulhumalé Phase III project. Managing Director Fazul Rasheed stated that land plots will be provided to those granted land. The project adds 63 hectares, divided into three stages: 10 hectares reclaimed in stage one, 29 in stage two, and 24 in stage three. After a two-month pause, work resumed. Capital Marine and Civil Construction Company is the main contractor paid US$259.2 million, with Boskalis subcontracted for dredging. Urbanco, the brand name of Housing Development Corporation, evolved from the Hulhumalé Development Unit established in 2001.

Urbanco announced the commencement of reclamation work on Site B of the Hulhumalé Phase III project. Managing Director Fazul Rasheed stated that land plots will be provided to those granted land. The project adds 63 hectares, divided into three stages: 10 hectares reclaimed in stage one, 29 in stage two, and 24 in stage three. After a two-month pause, work resumed. Capital Marine and Civil Construction Company is the main contractor paid US$259.2 million, with Boskalis subcontracted for dredging. Urbanco, the brand name of Housing Development Corporation, evolved from the Hulhumalé Development Unit established in 2001.

Urbanco announced the commencement of reclamation work on Site B of the Hulhumalé Phase III project. Managing Director Fazul Rasheed stated that land plots will be provided to those granted land. The project adds 63 hectares, divided into three stages: 10 hectares reclaimed in stage one, 29 in stage two, and 24 in stage three. After a two-month pause, work resumed. Capital Marine and Civil Construction Company is the main contractor paid US$259.2 million, with Boskalis subcontracted for dredging. Urbanco, the brand name of Housing Development Corporation, evolved from the Hulhumalé Development Unit established in 2001.

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