Fushidhiggaru Lagoon Reclamation to Proceed Despite Economic Challenges

Housing Minister Ali Haidar Ahmed confirmed that the Fushidhiggaru Lagoon reclamation project will proceed despite economic challenges. The project, part of President Muizzu's housing policy, includes 31,500 housing units, a marina, cruise terminal, and tourism islands over 20 years. A MVR 1.4 billion allocation over three years is planned. MP Ibrahim Shareef raised financial feasibility concerns. The World Bank advised cautious spending. The EIA process is ongoing, required by law for land use approval.

Housing Minister Ali Haidar Ahmed confirmed that the Fushidhiggaru Lagoon reclamation project will proceed despite economic challenges. The project, part of President Muizzu's housing policy, includes 31,500 housing units, a marina, cruise terminal, and tourism islands over 20 years. A MVR 1.4 billion allocation over three years is planned. MP Ibrahim Shareef raised financial feasibility concerns. The World Bank advised cautious spending. The EIA process is ongoing, required by law for land use approval.

Housing Minister Ali Haidar Ahmed confirmed that the Fushidhiggaru Lagoon reclamation project will proceed despite economic challenges. The project, part of President Muizzu's housing policy, includes 31,500 housing units, a marina, cruise terminal, and tourism islands over 20 years. A MVR 1.4 billion allocation over three years is planned. MP Ibrahim Shareef raised financial feasibility concerns. The World Bank advised cautious spending. The EIA process is ongoing, required by law for land use approval.

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