Land reclaimed for Hankede integrated tourism project
MFMC had in March awarded the long-awaited Hankede tourism project to China National Electrical Engineering Company (CNEEC).
Land reclamation under the Hankede project, which is being developed for integrated tourism in the southernmost Addu atoll, has been completed.
The project is being executed by the state-owned Maldives Fund Management Corporation (MFMC). Taking to Twitter, the company said it has completed reclaiming the designated land for the project.
Land had been reclaimed from Maradhoo to Gaukendi, to separate Hankede from the mainland.
MFMC had in March awarded the long-awaited Hankede tourism project to China National Electrical Engineering Company (CNEEC), after securing loan of USD 142 million (MVR 2.2 billion) from a Chinese bank.
MFMC had earlier said that 1,041 rooms in different categories and ranges will be constructed in Hankede.
According to MFMC, the Hankede project will create jobs in Addu and open up more avenues for the southernmost city's development
Timeline of the Hankede project:
-
In 2006, a company called Thoondu Private Limited was awarded a contract to develop a city hotel in Hankede
-
The agreement with Thoondu was terminated for failure to carry out any works, and Hankede was then handed over to a company called Half Degree in 2008; the company also did not take up any work
-
Subsequently, in June 2011, all rights related to Hankede were transferred to a Singapore-based company called Dalton Private Limited
-
The company also released plans on how to develop Hankede
-
The company decided to develop Hankede as a five-star resort
-
In 2019, the deal with Dalton Private Limited was scrapped
-
The government decided to go ahead with real estate tourism in Hankede last month and handed it to MFMC
