Maldives Transport and Contracting Company (MTCC) CEO Hassan Shah revealed that five times the allocated amount of MVR 4.6 million was spent on the development of Ministry of Housing and Development's new building.
In an interview with local media Mihaaru, Shah declared that a total of MVR 22 million was spent on the construction of the four-storey building. The additional MVR 17.4 was considered MTCC’s corporate social responsibility, therefore the development did not cost additional money from the ministry.
According to Shah, although MTCC appeared to be an active company, most of their projects proved to be losses. He stated that MTCC's machinery and staff were used for invalid reasons during the time of the presidential election campaigns last year.
“The government mobilised MTCC staff and excavators claiming the construction of the Himandhoo harbour”.
However, Shah shared that no work was done and the machinery was left unused from August 2018. He added that no work was done to develop the harbour of Villingili, Gaafu Alif Atoll, while MTCC's staff also had no work assigned in Rasdhoo, Alif Alif Atoll and Maradhoo, Seenu Atoll.
He further revealed that the then Ministry of Housing and Urban Development had cancelled the agreement with MTCC to build fuel tanks, following which State Trading Organisation (STO) refused to accept the tanks.
The 18 tanks to be established in the Industrial Village of capital Male' cost MVR 20 million, and caused a great loss for the company, said Shah. MTCC also made a loss of a further MVR 20 million on the development of Sultan Park, currently called 'Rasrani Bageechaa'.