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News infrastructure / STO Thilafushi Impact 5.0/10 2 min read
Fuel Facility at Funadhoo Will Relocate to Thilafushi Instead of Maagiri Falhu: STO

Fuel Facility at Funadhoo Will Relocate to Thilafushi Instead of Maagiri Falhu: STO

The fuel storage facility at Funadhoo Island in Kaafu Atoll will be relocated to Thilafushi instead of Maagiri Falhu, confirmed STO Managing Director Shimad Ibrahim. Relocation to Thilafushi is expected to be completed within three months. The Muizzu administration decided to move the facility to develop Funadhoo as a special economic zone and international finance hub, and to connect Funadhoo to Malé and Velana International Airport via a monorail. MACL signed an MoU with BUCG on 15 October for the monorail. Maagiri Falhu was previously allocated to HDC by the Solih administration.

The fuel storage facility at Funadhoo Island in Kaafu Atoll will be relocated to Thilafushi instead of Maagiri Falhu, confirmed STO Managing Director Shimad Ibrahim. Relocation to Thilafushi is expected to be completed within three months. The Muizzu administration decided to move the facility to develop Funadhoo as a special economic zone and international finance hub, and to connect Funadhoo to Malé and Velana International Airport via a monorail. MACL signed an MoU with BUCG on 15 October for the monorail. Maagiri Falhu was previously allocated to HDC by the Solih administration.

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Maldives Republic

Published

Oct 25, 2024

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The fuel storage facility at Funadhoo Island in Kaafu Atoll will be relocated to Thilafushi instead of Maagiri Falhu, confirmed STO Managing Director Shimad Ibrahim. Relocation to Thilafushi is expected to be completed within three months. The Muizzu administration decided to move the facility to develop Funadhoo as a special economic zone and international finance hub, and to connect Funadhoo to Malé and Velana International Airport via a monorail. MACL signed an MoU with BUCG on 15 October for the monorail. Maagiri Falhu was previously allocated to HDC by the Solih administration.

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