MVR 200 million will be spent to replace networks on land plots: Fazul

Housing Development Corporation (HDC) announced that they will spend MVR 200 million to replace the water and sewerage networks that are currently on the land plots allocated in Hulhumale’ Phase 2.

During the ceremony held to separate the perimeters of the land plots allocated under the ‘Binveriya’ scheme, Managing Director of HDC, Ibrahim Fazul Rasheed, addressed reporters and said that land was assigned in eight areas that obstruct water and sewerage networks as well as public roads.

He stated that approximately 150 plots were allocated in this manner.

According to Fazul, the previous government was aware of the issue and HDC informed them it would cost MVR 200 million to resolve it.

“It will not take long to resolve these issues”, he said. "The difficulty lies in redesigning and the cost”.

Fazul further stated that permits for land plots have begun with the exception of areas that are deemed problematic.

He mentioned that eight parties have applied for building permits and the process has now been made easier.

Some properties overlap on roads, utility and sewerage networks, restructuring begins

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