Planning Ministry has signed financing agreements with two more private companies to co-fund projects to develop domestic airports in six islands across Maldives.
The Maldivian government has announced plans to develop domestic airports in Sh. Bilehfahi, B. Thulhaadhoo, Th. Vilufushi, F. Magoodhoo, HDh. Makunudhoo, and an as of yet undisclosed island in southern R. Atoll.
Planning Ministry had signed a similar financing agreement with Muni Enterprises for the project back in November.
Planning Ministry signed financing agreements with two more companies; India’s Rank Projects and Development, and Angiri Resorts Management and Operations, on Thursday.
Under the agreements, the companies will co-fund the project in exchange for an island for resort development.
The Maldivian government has released estimates of the cost of developing airports in the islands.
The estimated cost: