Maldives Ports Limited’s (MPL) flats being developed in Hulhumale’ Phase II will reach full completion by June, as per the company.
MPL, previously commenting on the stalled project, attributed the delays to the COVID-19 pandemic. However, in September last year, the company said the flats will be completed and tenantable early this year.
Early April, MPL’s CEO Shahid Ali told Sun that April 30th was the deadline provided to the contractor to complete the project under the agreement while the flats would be handed over to employees as soon as the contractor completes the handover the company.
Sharing the latest updates on the flats, MPL told Sun on Sunday that majority of the works have been completed. They detailed that the installation of water, electricity and elevators was presently underway.
“Fenaka is undertaking the installation of water while STELCO is undertaking the installation of electricity. STO is undertaking the installation of elevators,” the company said.
MPL said the flats are expected to reach full completion by June while handover to employees will follow as soon as possible afterwards.
The development of MPL flats was undertaken by Singaporean company, W&A Overseas.
Three 15-story towers comprising of 534 apartments were developed under the project. They include 204 one-room apartments and 330 two-room apartments.
The apartments developed under the project, valued at MVR 566.8 million, will be sold to MPL employees.