Close Menu
Maldives Business TimesMaldives Business Times
    What's Hot

    President Muizzu Hosts Luncheon for Visiting Palestinian U-17 Football Team

    November 19, 2025

    First Lady Meets JICA Volunteers at Mulee’aage

    November 19, 2025

    President Muizzu: Government Clears USD 28.8 Million in Unpaid Bills from Previous Administration

    November 16, 2025
    Facebook X (Twitter) Instagram
    Wednesday, December 3
    Facebook X (Twitter) Instagram
    Maldives Business TimesMaldives Business Times
    • Home
    • Features

      President Muizzu Hosts Luncheon for Visiting Palestinian U-17 Football Team

      November 19, 2025

      First Lady Meets JICA Volunteers at Mulee’aage

      November 19, 2025

      President Muizzu: Government Clears USD 28.8 Million in Unpaid Bills from Previous Administration

      November 16, 2025

      Cabinet Approves Administrative Measures to Hold Addu City Jurisdiction Referendum

      October 6, 2025

      Cabinet Approves National Housing Affordability and Accessibility Project

      October 6, 2025
    • BUSINESS

      STO Reports MVR 163 Million Net Profit in Q2 2025 Amid Lower Revenue and Fuel Market Adjustments

      July 31, 2025

      The Era of the Gig Economy: Powering a Flexible, Independent Workforce

      July 27, 2025

      President Muizzu Meets Saudi Fund for Development CEO to Discuss Future Cooperation

      July 26, 2025

      India-Maldives Free Trade Agreement Talks Begin, Marking a Historic Step in Bilateral Economic Relations

      July 26, 2025

      Bank of Maldives to Launch Indian Rupee Accounts Amid Strengthening Bilateral Financial Ties

      July 26, 2025
    • FINANCE
    • OPINION
    • TRAVEL & TOURISM
    • PUBLIC SECTOR
    • LIFE STYLE
    Maldives Business TimesMaldives Business Times
    Home » Thilamale’ Bridge 50% behind estimated progress

    Thilamale’ Bridge 50% behind estimated progress

    Thilamale' Bridge project 50% behind estimated progress; President's Office
    November 20, 20232 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    While 77% of the works need to be completed in the Thilamale’ Bridge development project, only 27% of the works have been completed as per the new government.

    President’s Office Under-Secretary for Public Policey Mohamed Firzul Abdulla Khaleel said the reports compiled by the transitional committee showed that just 27% of the project completed, which has constituted the need for an investigation into the delay.

    “The foremost thing we need to do is assess the progress and condition of the work, and identify the hindrances, to understand what challenges have posed against the progress of the project,” Firzul said.

    He further noted that this investigation has been included in the “Week-14” agenda of the current government, which is a list of objectives the President Dr. Mohamed Muizzu-led government aims to achieve within the first 100 days.

    He noted that the other particulars of the bridge project can only be formulated into the roadmap after the initial assessment.

    The bridge project has a value of USD 500 million (MVR 7.7 billion), which was extended by the Indian government. Out of the total, USD 400 million was arranged through a line of credit established under the EXIM Bank of India with the remaining USD 100 million extended as a grant by the Indian government.

    Additionally, the outgoing government acquired an additional USD 100 million line of credit from the EXIM Bank to expedite the project.

    So far, a total of USD 109 million has been spent for the bridge project contracted to Afcons Infrastructure; the Indian contractor handling the largest-ever infrastructural development project in the Maldives, eclipsing the China-handled Sinamale’ Bridge.

    Though the previous government reported that the bridge structure will connect Male’ City with Vilimale’ by August 2023, it did not happen which Afcons attributed to unmitigated hindrances such as the spontaneity in the change of ocean currents in the channel between Male’ City and Vilimale’.

    Related Posts

    Local News

    President Muizzu: Government Clears USD 28.8 Million in Unpaid Bills from Previous Administration

    November 16, 2025
    Government

    Cabinet Approves National Housing Affordability and Accessibility Project

    October 6, 2025
    BUSINESS

    STO Reports MVR 163 Million Net Profit in Q2 2025 Amid Lower Revenue and Fuel Market Adjustments

    July 31, 2025
    Leave A Reply Cancel Reply

    Don't Miss
    Education

    First Lady Meets JICA Volunteers at Mulee’aage

    November 19, 2025

    First Lady Sajidha Mohamed met with volunteers from the Japan International Cooperation Agency’s (JICA) Japan…

    President Muizzu: Government Clears USD 28.8 Million in Unpaid Bills from Previous Administration

    November 16, 2025

    Cabinet Approves Administrative Measures to Hold Addu City Jurisdiction Referendum

    October 6, 2025
    Demo
    Facebook X (Twitter) Instagram LinkedIn Telegram
    • Home
    • BUSINESS
    • PUBLIC SECTOR
    • TRAVEL & TOURISM
    © 2025 Maldives Business Times. by hyvemedia.

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