Govt. announces one-year rent deferral for police and MNDF flats

People tour the SIFCO flats. (Photo/MNDF)

The government has announced the decision to grant a one-year deferral on rent for the flats built for Maldives Police Service and Maldives National Defense Force (MNDF) personnel.

In a press conference on Thursday afternoon, Mohamed Firuzul Abdul Khaleel, the Undersecretary for Public Policy at the President’s Office, announced the accomplishment of the 17 tasks promised for the first four weeks, under President Dr. Mohamed Muizzu administration’s ‘Haftha 14’ roadmap.

Firuzul said that President Muizzu has decided to grant a one-year grace period and restructure the repayment on treasury loans issued for the two projects.

“In line with the pledge, the Finance Ministry will work on restructuring the treasury loans. And I want to note that the recipients of the flats will receive a one-year deferral on rent, during which period no interest will be incurred,” he said.