Projects conducted at half the cost: Finance Minister

Minister of Finance Ibrahim Ameer on Tuesday declared that government projects are currently underway at MVR 30 million, whereas it was previously conducted at the price of MVR 70 million during the prior administration.

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Minister of Finance Ibrahim Ameer issuing a press release on December 3, 2019. PHOTO: AHMED NISHAATH/MIHAARU.

Raif Amyl Jalyl

2019-08-28 10:39:26

Minister of Finance Ibrahim Ameer on Tuesday declared that government projects are currently underway at MVR 30 million, whereas it was previously conducted at the price of MVR 70 million during the prior administration.

The Finance Minister revealed at the Parliament that the expenditure for the projects greatly decreased due to the administration contracting the projects under an open tendering process.

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