The award of the Ras Malé land reclamation contract to Sri Lanka's Capital Marine and Civil Construction Company without a competitive bidding process has drawn criticism over transparency and governance. The project is under scrutiny by the Anti-Corruption Commission, and its funding lacks parliamentary approval.
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Fazul highlighted the advantageous financial aspects of the deal, including the promise of 65,000 housing units without immediate financial burden on the government.
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CMC is to receive 70 hectares of land for a long-term lease as compensation for the reclamation work.
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At the heart of the controversy is the contract awarded to Sri Lanka's Capital Marine and Civil Construction Company (CMC) for the dredging of the Fushidhiggaru lagoon and the development of Ras Male. Critically, the contract was granted without a competitive bidding process, a decision that has drawn sharp criticism from various quarters.
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