The Edition


Maldives mulls penalty for India's TATA Housing over delayed project

Mohamed Visham
13 June 2016, MVT 12:48
Housing complex being constructed in the capital Male. PHOTO/MIHAARU
Mohamed Visham
13 June 2016, MVT 12:48

The government is pressuring the Indian contractor to complete the long delayed housing unit in capital Male, housing ministry said Sunday.

The project to construct a total of 280 flats in two seperate sites in Male was awarded to Indian construction giant TATA Housing which joined up with SG18 Developers Pvt. Ltd., under the banner of Apex Realty.

Though the agreement was signed in 2010, the project was delayed because of the pending resolution of certain unavoidable contractual issues.

But after a mutually agreed revision of the agreement TATA Housing had announced the project's resumption in September last year.

State housing minister Hassan Rasheed said the deadline to complete the project has long passed and the government is contemplating a penalty over the delay.

Rasheed said the electricity wiring for the residential flats and the fencing around the premises are currently ongoing.

The government was project was expected to be completed in February.

Under the government housing policy, the flats were opened for the public. But the inflated prices had sparked public outrage and condemnation from the opposition.