The Ministry of Economic Development has announced that the contractor financing the reclamation of Giraavaru lagoon will be granted Noonu Atoll's Dhigufalhu lagoon and Dhekenanfaru; an uninhabited island in the same atoll on a 99 year lease as repayment.
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The lagoon and island from Noonu atoll leased to the Swiss businessman for financing the Giraavaru lagoon reclamation and residential city development project--
Mohamed Rehan
2023-06-13 10:10:34
The Ministry of Economic Development has announced that the contractor financing the reclamation of Giraavaru lagoon will be granted Noonu Atoll's Dhigufalhu lagoon and Dhekenanfaru; an uninhabited island in the same atoll on a 99 year lease as repayment.
Under the large-scale land reclamation project, a total of 120 hectares of land will be reclaimed in Giraavaru lagoon. The Ministry confirmed that the project will conclude sometime during July 2023.
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