Close Menu
Maldives Business TimesMaldives Business Times
    What's Hot

    Loan Repayments Nearly Triple as the Debt Stock Nears MVR 97 Billion

    June 16, 2026

    Tourism Revenue Climbs Even as Fewer Guests Arrive

    June 16, 2026

    Consumption Taxes Carry the Economy as Subsidies Swell

    June 16, 2026
    Facebook X (Twitter) Instagram
    Friday, June 19
    Facebook X (Twitter) Instagram
    Maldives Business TimesMaldives Business Times
    • Home
    • Features

      Loan Repayments Nearly Triple as the Debt Stock Nears MVR 97 Billion

      June 16, 2026

      Tourism Revenue Climbs Even as Fewer Guests Arrive

      June 16, 2026

      Consumption Taxes Carry the Economy as Subsidies Swell

      June 16, 2026

      Spending Overtakes Revenue as the State Slips Into Deficit

      June 16, 2026

      PayPal Launches in Maldives, Opening Global Commerce for Local Entrepreneurs

      June 15, 2026
    • BUSINESS

      PayPal Launches in Maldives, Opening Global Commerce for Local Entrepreneurs

      June 15, 2026

      STO People’s Choice Opens First Floor, Expanding Home Improvement and Lifestyle Offerings

      June 14, 2026

      Visit Maldives Corporation Posts Best Revenue in Eight Years

      June 10, 2026

      Maldives Welcomes close to a million Tourists by Early June, Down 4.8%

      June 10, 2026

      New Plastics Rules Set MVR 100,000 Fines for Banned Items

      June 9, 2026
    • FINANCE
    • OPINION
    • TRAVEL & TOURISM
    • PUBLIC SECTOR
    • LIFE STYLE
    Maldives Business TimesMaldives Business Times
    Home ยป MTCC to Kick Off Next Phase of Boduthakurufaanu Magu Waterfront Redevelopment This Week

    MTCC to Kick Off Next Phase of Boduthakurufaanu Magu Waterfront Redevelopment This Week

    March 21, 20262 Mins Read
    Photo Credits: Khulaasaa
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Maldives Transport and Contracting Company (MTCC) is preparing to launch physical works on the next stage of the Boduthakurufaanu Magu redevelopment project along nothern waterfront of Male’ City, with construction expected to get underway within the coming days.

    The works form part of Phase 1 of the broader redevelopment initiative, which covers the corridor running from the Local Market area through the Heveiru Ferry Terminal. The section between the Local Market and Izzudheen Jetty was already successfully upgraded and opened to the public on December 8 last year.

    Attention now turns to the four remaining segments from Izzudheen Jetty to the Henveiru Ferry Terminal.

    The upcoming construction phase includes the laying of asphalt along a 700-meter stretch and the construction of a 610-meter quay wall to support road widening, both carried out in line with design standards applied to the previously completed sections.

    Beyond the road surface itself, the project also covers the installation of a full drainage system, pavement construction, and street lighting across the affected corridor.

    MTCC confirmed that despite the scale of the works, the area surrounding Fishermen’s Park will remain unaffected.

    To reduce disruption to commuters during construction, MTCC will replace atoll ferry services currently operating from the Henveiru Ferry Terminal. From next Monday, those services will be temporarily redirected to the Maafannu Ferry Terminal and the Hulhumale’ Ferry Terminal for the duration of the works.

    Related Posts

    FINANCE

    Loan Repayments Nearly Triple as the Debt Stock Nears MVR 97 Billion

    June 16, 2026
    FINANCE

    Tourism Revenue Climbs Even as Fewer Guests Arrive

    June 16, 2026
    FINANCE

    Consumption Taxes Carry the Economy as Subsidies Swell

    June 16, 2026
    Leave A Reply Cancel Reply

    Don't Miss
    FINANCE

    Tourism Revenue Climbs Even as Fewer Guests Arrive

    June 16, 2026

    Maldives tourism tax revenue rose through early June, even though fewer travelers reached the islands.…

    Consumption Taxes Carry the Economy as Subsidies Swell

    June 16, 2026

    Spending Overtakes Revenue as the State Slips Into Deficit

    June 16, 2026
    Demo
    Facebook X (Twitter) Instagram LinkedIn Telegram
    • Home
    • BUSINESS
    • PUBLIC SECTOR
    • TRAVEL & TOURISM
    © 2026 Maldives Business Times. by hyvemedia.

    Type above and press Enter to search. Press Esc to cancel.