According to Parliament Deputy Speaker and Dhiggaru MP Ahmed Nazim, the 4,000 housing units developed by Fahi Dhiriulhun Corporation (FDC) in Hulhumale’ Phase II require an additional USD 30 million for completion.<\/p>\n
At the parliament sitting on Monday, Nazim said this while debating on the proposed state budget for 2025. He accused the previous administration of launching housing projects without proper planning.<\/p>\n
He said this additional monetary requirement for the social housing initiative was due to the project no been contracted in a manner that allowed its completion.<\/p>\n
“No funds were included for electrical wiring [at the flats]. No funds were included for water piping. No funds were included for matters related to [the building’s] security. How can it be made tenantable then? There is no way people can live there. The financing has not been secured,” Nazim was quoted by a local media.<\/p>\n
He further noted that 2,000 out of the 4,000 units were built with 85% funding from India’s EXIM Bank, and stressed that the Maldives government, which is to cover the remaining 15%, has yet to disburse the funds.<\/p>\n
The 4,000 units developed by FDC are the first of the social housing units built under the ‘Gedhoruveriya’ scheme launched by the former government.