In a significant development, the China State Construction Engineering Corporation (CSCEC), renowned for its successful execution of the Hiyaa Housing Project in Hulhumale', has expressed interest in constructing a whopping 15,000 housing units in Rasmale'. This commitment comes as a pivotal step in the ambitious housing project initiated by the Maldivian administration, aiming to tackle the prevailing housing crisis in the capital, Male'.
Launched on December 18, the Rasmale' project involves the reclamation of 1,093 hectares of land from the Fushi Dhiggaru Falhu, making it a critical component of the broader plan to address the housing shortage in the Maldives. The CSCEC, having proven its capabilities through the Hiyaa Housing Project and development of waste transfer stations in Male' and Vilimale', stands as a potential key player in the realization of this massive housing initiative.
Abdulla Nazim, the policy secretary at the President's Office, confirmed the submission of a proposal by CSCEC to construct 15,000 housing units in Rasmale'. Following a recent cabinet meeting, it was decided that the Ministry of Housing, Land, and Urban Development, along with the Ministry of Construction and Infrastructure, would engage in detailed negotiations regarding cost and quality-related matters.
Housing Minister Dr. Ali Haidar, during a visit to China, outlined plans to construct 30,000 social housing units in Rasmale' with support from China. The construction of these units is slated to occur simultaneously, marking a monumental effort to alleviate the housing shortage. The agreements signed during the China trip encompass not only housing construction but also include the establishment of essential facilities such as water, sanitation, and road infrastructure.
The reclamation project in Rasmale' is entrusted to Sri Lanka's Capital Marine and Civil Construction Company (CMC). Valued at a minimum of USD 500 million, the reclamation is anticipated to conclude in eight months, with CMC bearing the cost and receiving 70 hectares of land for long-term lease in return, further solidifying the collaborative efforts between Maldives and China in this transformative venture.