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Maldives Ports Limited (MPL) has stated that land reclamation for the Ihavandhippolhu Transshipment Harbour begin next year.
Speaking on a programme on Raajje TV, the company’s chairman Mohamed Shareef (Senko Shareef) stated that land reclamation for the port will begin in January next year.
On the decision to go ahead with the project, which is expected to cost around $3 billion, by involving state-owned companies, he stated the decision was taken after the government realized that taking such a huge loan would not be feasible. Therefore, a company formed by HDC, MTCC, STO, MPL and the company registered by Ministry of Economic and Development is also involved in the formation of the consulting firm, Shareef stated.
Also, he added that the process of registration of the company has already begun and all work will be done within the consulting team. He pointed out that state-owned companies are already doing different kinds of work at different stages.
Moreover, due to the geographical location of Haa Alif Atoll, and Ihavandhippolhu in the atoll is one of the main routes for vessels to travel from the east of the world to the west of the world. Therefore, the Economic Ministry has stated that Haa Alif Atoll is the best area for the construction of the port in the Maldives, and the port can compete with other international ports in the region.
Furthermore, according to the Economic Ministry, the project will benefit the Maldivian economy as well, and the port will establish a strong economic business hub in the north of the country, opening up more job opportunities for Maldivians with introduction of new sectors.
In addition, the Haa Alif Atoll council noted that Ihavandhippolhu is naturally formed with a large number of islands in the atoll, and that the island from Huvanhandhoo to Innafinolhu is one of the best places to carry out such a project.
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