The Maldives government has initiated the land reclamation process for Phase II of K. Thilafushi.
According to a Housing Development Corporation (HDC) spokesperson, work began on “Area C” of the island on Monday. The project has been awarded to Capital Marine and Civil Construction Company, which is contracted to reclaim 20 hectares of land within 120 days.
Upon completion of Phase II, HDC states that the industrial works in Male’ City will come to an end. The government intends to transform Thilafushi into a major industrial hub to address the shortage of land and high lease rates in the country.
To achieve this objective, the government plans to relocate industrial businesses in Male’ to Thilafushi. The land reclamation project is being carried out in three phases, with the first phase already completed.
However, some have raised concerns about the potential environmental impact of the project. Critics argue that the island’s ecosystem could be adversely affected by the reclamation work. Despite these concerns, the government is committed to moving forward with the project and making Thilafushi a vital component of the Maldivian economy.
In conclusion, the land reclamation project for Phase II of K. Thilafushi is a significant step towards solving the land shortage issue and high lease rates in the Maldives. However, it’s crucial to ensure that the project is carried out in a way that doesn’t harm the environment. It’s hoped that the relocation of industrial businesses to Thilafushi will have a positive impact on the country’s economy and provide job opportunities for local residents.