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Home›Business development›BREAKING NEWS: Van Oord wraps up Addu land reclamation
Business development

September 6, 2023 · about 2 years ago

BREAKING NEWS: Van Oord wraps up Addu land reclamation

As part of the efforts to develop Addu City in the Maldives, the latest land reclamation project initiated on the southernmost city has now been completed. The Ministry of National Planning, Housing and Infrastructure revealed that the project was wrapped up in August. The physical work for the proj

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BREAKING NEWS: Van Oord wraps up Addu land reclamation

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As part of the efforts to develop Addu City in the Maldives, the latest land reclamation project initiated on the southernmost city has now been completed.

The Ministry of National Planning, Housing and Infrastructure revealed that the project was wrapped up in August.

The physical work for the project, undertaken by the Dutch giant Van Oord , started in June.

A total of 228 hectares of land were reclaimed under the scope of the project, including 76 hectares from Maradhoo and Maradhoo-Feydhoo and 80 from Hithadhoo.

The land reclamation work was initiated with the purpose of developing resorts, carrying out housing projects and for business purposes.

The Addu land reclamation program was carried out under an $800 million credit line from India’s Exim Bank.

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