Bidding has begun on the massive project to expand Gan International Airport.
The Economic Ministry stated in a statement that after the project is finished, a passenger terminal will be built to accommodate 1.5 million passengers per year.
A new control tower, fire station, restaurants, duty-free stores, and lounge services will also be built.
It added that a cold storage will be built for the airport along with cargo facilities, airport roadways, and a parking area.
The Ministry claims that Gan international airport is the main entry point to the southern Maldives and that it is crucial to update the airport and expand its capacity.
According to the statement, President Ibrahim Mohamed Solih's initiatives to advance tourism, fisheries, and other industries while creating an economic hub in the south will be significantly advanced with the Gan Airport project.
"The project will create a number of jobs, both directly and indirectly, and will help increase the self-sufficiency of the people of the South," said the Ministry.
Last week, Economic Minister Fayyaz Ismail said that the Exim Bank had just given data on seven companies qualified for the Gan Airport project.
Minister Fayyaz said businesses would have the chance to submit proposals his week and within the next two to three months a contract will be inked to expand Gan Airport.
Last Sunday, the government had also signed an agreement with India's JMC Projects to expand the Hanimaadhoo International Airport in Haa Dhaalu Atoll