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Former PG cites USD 3.1 billion projection in Rasmalé defence
Former Prosecutor General Uz Muhuthaz Muhusin, writing on X, defended the Rasmalé development by citing a projected USD 3.1 billion in State revenue over 10 years, including USD 500 million payable to the State in advance. He compared this with an estimated USD 283 million over a 99-year lease for a conventional 500-hectare lagoon in Malé Atoll, while the Maldives Waterfront and Marina project across 500 hectares in Rasmalé is planned with USD 20 billion in initial investment and expected to attract over USD 30 billion in total foreign direct investment.
Sources1carried itME1 of 19 news outlets we monitor
Figures8as written, with their sentences
One outlet so far Only MM TV (English) has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
How the reporting differs
one source so far
MM TV (English)News outlet
Former PG cites USD 3.1 billion projection in Rasmalé defence
USD 3.1 billion Projected State revenue from Rasmalé over 10 years
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Figures in these reports
as written, with the sentence they come from
USD 3.1 billionProjected State revenue from Rasmalé over 10 yearsMM TV (English)Former Prosecutor General Uz Muhuthaz Muhusin has cited projected State revenue of USD 3.1 billion over 10 years in defending the Rasmalé development against claims that its land is being given away free.
Word for word from the report in MM TV (English). Open the report
USD 500 millionAmount payable directly to the State in advanceMM TV (English)Writing on X, Uz Muhuthaz Muhusin noted that the projection includes USD 500 million payable directly to the State in advance.
Word for word from the report in MM TV (English). Open the report
USD 85 millionUpfront payment for a 500-hectare conventional lagoon lease in Malé AtollMM TV (English)Using a 500-hectare lagoon in Malé Atoll as an example, he put the upfront payment at USD 85 million and annual rent at USD 2 million.
Word for word from the report in MM TV (English). Open the report
USD 2 millionAnnual rent on conventional lagoon leaseMM TV (English)Using a 500-hectare lagoon in Malé Atoll as an example, he put the upfront payment at USD 85 million and annual rent at USD 2 million.
Word for word from the report in MM TV (English). Open the report
approximately USD 283 millionEstimated State receipt over a 99-year conventional leaseMM TV (English)On those terms, he estimated that the State would receive approximately USD 283 million over a 99-year lease.
Word for word from the report in MM TV (English). Open the report
500 hectaresArea of the Maldives Waterfront and Marina project at RasmaléMM TV (English)The Maldives Waterfront and Marina project is planned across 500 hectares in Rasmalé.
Word for word from the report in MM TV (English). Open the report
USD 20 billionInitial investment outlined by the GovernmentMM TV (English)The Government has outlined an initial USD 20 billion investment and expects the development to attract more than USD 30 billion in total foreign direct investment.
Word for word from the report in MM TV (English). Open the report
more than USD 30 billionExpected total foreign direct investmentMM TV (English)The Government has outlined an initial USD 20 billion investment and expects the development to attract more than USD 30 billion in total foreign direct investment.
Word for word from the report in MM TV (English). Open the report