Connect with us

News

FDC’s head says additional MVR 454.5m needed to complete flats

FI

Published

on

Hamdhan Shakeel, the managing director of Fahi Dhiriulhun Corporation (FDC), said on Wednesday that the state corporation needs an additional injection of MVR 454.5 million to complete work on the 4,000 social housing units being developed in Hulhumale’ Phase II.

In a post on X on Wednesday morning, Hamdhan said the scope of the project decided by former president Ibrahim Mohamed Solih’s administration does not include key services and facilities.

According to Hamdhan, this includes the connection of the towers to the power grid, security systems, GPON network to enable internet and other media connection for the towers and tenants, waste disposal systems, and landscaping works.

“An additional injection of MVR 454.5 million is required for the completion of this additional works left out by the previous government,” he said.

Hamdhan said the FDC is working with the incumbent administration to secure financing for the additional works.

He also highlighted on the difference in the speed of the project under the two administrations.

According to Hamdhan, a total of 216 slabs were casted over a period 22 months under the previous administration, while a total 192 slabs were casted during the past four months.

“Through optimization of the construction schedule and facilitation of resources and other services, we have increased the average rate of construction from 10 slabs per month to 48 slabs on average per month,” he said.

The 4,000 housing units are the first flats built under the ‘Gedhoruveriya’ housing scheme launched by Solih’s administration.

The units come in two types; two-bedroom apartments and three-bedroom apartments.

Source(s): sun.mv

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

World

Hopes rise for possible truce as Gaza conflict nears 7th month

FI

Published

on

By

Israel is set to send a delegation to Cairo for talks with Hamas on a new ceasefire proposal aimed at securing the release of hostages held in Gaza as the conflict lingers on for nearly seven months now.

The delegation, composed of security officials, will depart on Tuesday to discuss the deal with Egyptian brokers, an Israeli government source told Xinhua.

A Hamas delegation left Egypt after the talks and will “return with a written response” to the latest truce proposal, according to Egyptian sources quoted by Al-Qahera News, a site also linked to Egyptian intelligence services.

Abdul Latif al-Qanou, a spokesman for Hamas, said on Monday in a statement that “ensuring a permanent ceasefire is a fundamental cornerstone for moving towards the details of negotiations and the success of the agreement with the Israeli occupation.”

According to the Israeli state-owned Kan TV, in the revised proposal, Israel has agreed to reduce the number of hostages it demands to be released to 33.

Israel initially insisted that Hamas release a minimum of 40 hostages but altered its position upon learning that the actual number of surviving hostages was below 40.

Speaking on Monday at a World Economic Forum meeting in Riyadh, Saudi Arabia, Egyptian Foreign Minister Sameh Shoukry said Egypt was hopeful about a proposal for a truce and the release of hostages, but awaiting responses from Israel and Hamas.

“We are hopeful the proposal has taken into account the positions of both sides, has tried to extract moderation from both sides, and we are waiting to have a final decision,” Shoukry said.

A Palestinian official close to mediation efforts told Reuters: “Things look better this time,” but declined to say whether an agreement was imminent.

Israel’s military operation to eradicate Hamas has killed at least 34,480 Palestinians and wounded 77,643, according to Gaza’s health authorities. It has displaced most of the Palestinian enclave’s 2.3 million people and laid much of the area to waste.

The campaign was triggered by the October 7 attack on Israel in which Hamas militants killed 1,200 people and took 253 hostages, according to Israeli tallies.

The conflict has brought Gaza to the brink of famine, United Nations and humanitarian aid groups say, while reducing much of the territory to rubble and raising fears of a wider regional conflict.

High temperatures in crowded Rafah have turned makeshift shelters made from plastic tarps into sweltering ovens. The UN has warned of diseases spreading.

Source(s): CGTN

Continue Reading

News

Investor confidence boosted with election win: Minister Saeed

FI

Published

on

By

Minister of Economic Development and Trade Mohamed Saeed on Monday, has said investor confidence boosted significantly following ruling party’s victory in the recent parliamentary election.

The minister made these remarks at the ‘World Economic Forum’ held in Saudi Arabia, where he emphasized the importance of investors in sustainable development.

“Sustainable development is not about saving the post cards of Maldives for later, but about bringing the developmental vision, funds, and technology by investors without hesitance,” Minister Saeed said.

In relation to this, Saeed said on X that President Dr. Mohamed Muizzu’s vision is to increase the renewable energy infrastructure in the Maldives, which would positively impact the country’s economy.

He further highlighted growing popularity towards the developmental vision of President Dr. Muizzu.

The results of last Sunday’s parliamentary election show ruling PNC securing 66 seats, thereby becoming the parliament’s majority party.

Source(s): sun.mv

Continue Reading

News

Fushidhiggaru project ongoing, will finish on time: Government

FI

Published

on

By

The Maldives government on Sunday assured Fushidhiggaru reclamation project, a key initiative under the vision of President Dr. Mohamed Muizzu, has not stalled and would be completed on the scheduled date.

President’s Office Chief Spokesperson Heena Waleed confirmed this on Sunday at a press conference, while providing details on other government initiatives.

The state has responded about the large-scale development project amid speculation in social media and by political opponents, claiming the initiative has stalled.

In response, Heena highlighted that the sand dredging in the project is currently on pause, stressing this was not indicative of the entire project being halted.

“I would like to ask, if they gauge the ongoing status of a capacity based on whether sand dredging is ongoing or not. Although sand dredging has stopped, there would be several other associated components of the project that requires attention and execution,” Heena commented.

She further said the project requires administrative and other work, all of which, she added, were ongoing.

“In response, I would like to reply that the Fushidhiggaru project has not stalled, it is ongoing. The project would conclude as per the scheduled date announced by the President,” she said.

Under the large-scale development project, 1,153 hectares of land will be reclaimed, which is thrice the combined size of Hulhumale’ Phase I and II.

The iniatiative commenced officially on December 18, 2023 while the Maldives President assured the reclamation component will conclude within eight months from the date of commencement.

Source(s): sun.mv

Continue Reading

Trending