In an unprecedented first in Maldives, the Asian Development Bank (ADB) has halted the USD 6.7 million (MVR 100 million) National Single Window project of the Ministry of Economic Development, as it was handed over to an ineligible contractor on suspicious grounds.
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Finance Minister Ibrahim Ameer (L) and Economic Minister Fayyaz Ismail attend the Maldives Monetary Authority (MMA)'s 38th anniversary celebration ceremony in 2019. FILE PHOTO: HUSSAIN WAHEED / MIHAARU
Fathmath Shaahunaz
2020-09-07 10:54:36
In an unprecedented first in Maldives, the Asian Development Bank (ADB) has halted the USD 6.7 million (MVR 100 million) National Single Window project of the Ministry of Economic Development, as it was handed over to an ineligible contractor on suspicious grounds.
Marking the first time that a major international organisation has stopped a project in Maldives, local media Mihaaru reported that ADB ordered local authorities to investigate the matter and re-open the project for bid.
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