Borrowings near MVR 16.64bn as MACL takes massive loans

6 days ago

Maldives Airports Company Limited (MACL), the state company in charge of managing the Velana International Airport (VIA), has taken massive loans against the mortgage of leasehold rights of properties in Hulhule’, pushing its total borrowings near a staggering MVR 16.64 billion. The 2025 audit report on MACL, released by the Auditor General’s Office, highlights a massive shift in the company’s financial