The Maldivian government has amended the masterplan for Hulhumale’, and decided to reclaim the area previously allotted for a cruise terminal, to provide housing.
A senior government official told Sun the government has decided to reclaim the area from Farukolhufushi to Phase I, and has tasked Urbanco with the necessary administrative work.
“They are engaged in some technical work such as amending the bank loan-related affairs,” said the official.
The official said most of the reclaimed land will be designated for residential use, including to build flats and issue land.
“At the same time, there are also facilities needed in residential areas, right? Therefore, racers will also receive the space they need from the reclaimed land,” said the official.
An official from Urbanco said the company was engaged in discussions with the government regarding reclaiming land in Hulhumale’, but that a decision has yet to be finalized.
There are multiple housing projects underway in Phase I and Phase II of Hulhumale’. The government has also pledged to issue land from Phase II to residents of Male’.
Hulhumale’ is an artificial island that was developed during former President Maumoon Abdul Gayoom’s administration. Phase II was reclaimed during the administration of his brother, former President Abdulla Yameen Abdul Gayoom.