An Indian company has been awarded the contract for the construction of a 4,000 ton cold storage facility at Lhaviyani atoll Felivaru.
A press release by the Ministry of Economic Development said that the construction of a cold storage complex at Felivaru and an ice plant in Gaafu Alifu Gemanafushi had been a joint decision made by the ministry and the Maldives Industrial Fisheries Company (MIFCO).
The agreement signing ceremony was held last night Haa Dhaalu Hanimaadhoo with the party who won the tender for the construction of the ice plant in Gemanafushi.
Rinac India Limited won the bid for the two projects, according to the ministry.
President Ibrahim Mohamed Solih and Indian External Affairs Minister Subrahmanyam Jaishankar also attended the ceremony.
The USD 23 million project, implemented under a line of credit from India's Exim Bank, will be the largest cold storage ever built in the Maldives.
According to the Economic Ministry, upon the completion of the project Felivaru will house a brine freezing facility with a capacity of 200 tons of fish per day and 80 ton of refrigerated seawater system. There will also be a 50 ton block ice plant and a 100 ton ice storage in Gemanafushi.
A cold storage is being built on an area of 5.7 hectares of land dredged by President Solih's administration, the Economic Ministry said. An export jetty, a catch weighing jetty and a public jetty are being constructed on the land and 85 percent of the work has been completed, the ministry said.
The state has also announced a bid to develop a 100 ton fish processing factory in Felivaru. The project will include a 40 ton fishmeal plant as well.
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