Fushidhiggaru - RajjeViyu

Maldives Republic | 11 months ago | urgent

Muizzu Orders Advance Payment for Rasmalé Reclamation from State Reserves or Indian Swap Facility

President Mohamed Muizzu has directed the Finance Ministry to make an advance payment for stalled reclamation work at Fushidhiggaru Lagoon under the Rasmalé project, using either the Maldives' usable reserves or the Indian currency swap facility. The instruction was conveyed in a letter from the President's Office to Finance Minister Moosa Zameer on 1 July. The letter, signed by Principal Secretary Mohamed Shahid, stressed urgency. Usable reserves stood at US$217.9 million as of end-May. The government also asked state-owned companies to deposit loan proceeds into reserves. Reclamation started on 18 December 2023 but progress is slow. The Rasmalé project spans 12 sites, with several contractors including Mohan Mutha Exports and China Railway Construction Corporation.

The Standard | 1 year, 6 months ago | optimistic

Agricultural Economic Zone Project Relocated to Fushidhiggaru

The State Trading Organization (STO) confirmed the relocation of the Maldives' agricultural economic zone project from Uthuru Thila Falhu to Fushidhiggaru. The project, developed in partnership with China's Harbour Engineering Company Limited, aims to enhance food security. It involves dredging 100 hectares of land, with construction slated to begin in early 2026. Features include greenhouses for fruit and vegetable cultivation, a training center, and residential facilities. A second phase will add a poultry farm for local egg production. STO stated that dredged land is the most practical solution due to space requirements but did not disclose the reason for relocation.

Maldives Republic | 2 years, 5 months ago | neutral

Government Moves Ahead With Fushidhiggaru Reclamation Despite Budget Cut

Sri Lanka's Capital Marine and Civil Construction (CMC) has been awarded a contract to reclaim land in Fushidhiggaru lagoon, despite Parliament removing the MVR 400 million budget allocation. The project spans three years with a proposed expenditure of MVR 1.4 billion, aiming to reclaim 1,280 hectares and build 31,500 housing units. President Mohamed Muizzu committed to providing housing for 65,000 people by reclaiming land from multiple lagoons. Urbanco temporarily halted the Hulhumalé western lagoon reclamation project due to dredger repairs and environmental concerns. Housing Minister Dr Ali Haidar clarified that plot locations may slightly differ but size and island remain unchanged. Parliament passed the 2024 Budget redirecting funds to ongoing housing projects.

Maldives Republic | 2 years, 6 months ago | neutral

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.