Maldives Transport and Contracting Company (MTCC) is seeking interested parties to finance, design and construct a housing complex for its employees in Hulhumale' Phase 2.

In an announcement, the company invited proposals from parties willing to undertake the project at their own expense. The deadline for interested parties to submit their proposals is Sunday next week.

The proposed development will comprise a 25 storey apartment complex on a 12,000-square foot plot of land. The ground floor will be allocated for commercial use, while residential units will occupy the second to 25th floors.

MTCC had previously launched a project to provide housing for its employees, but construction was halted following allegations of corruption.

The company's former CEO, Hassan Shah, and other senior officials have been charged with corruption in connection with the project. The case is currently at the preliminary stage.

MTCC CEO and Managing Director Ahmed Saudee told Mihaaru News in August that construction of the staff apartments would begin within this year.

Anti Corruption Commission (ACC) investigated the company's 2017 decision to develop two 15-storey residential towers in Hulhumale' Phase 2 under the housing policy of former President Abdulla Yameen's administration.

The investigation concerned the awarding of the project to a foreign company after bids were evaluated using a points system that allegedly violated the established evaluation criteria.