Maldives seeks $55m investment for prison, rehabilitation projects
President Muizzu announced the investment requirements as part of an economic policy aimed at implementing state-designated projects for public benefit.
The government has set a minimum investment of $55 million (MVR 848 million) for the development of the Central Prison Complex and Hope Island, a rehabilitation centre for children involved in crimes.
President Mohamed Muizzu announced the investment requirements as part of an economic policy aimed at implementing state-designated projects for public benefit.
A presidential resolution issued Friday lists 25 projects under this policy, including the children’s correctional centre, known as Hope Island, which will be developed in K. Uthuru Thila Falhu. The centre aims to provide rehabilitation programmes for children at risk of reoffending.
The minimum cost of the project is set at $25 million (MVR 385 million), allocated as follows:
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15 hectares of land for the Hope Island project – $10 million
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Development of Hope Island – $15 million
The Central Prison Complex, to be developed in Uthuru Thila Falhu, has a minimum investment requirement of $30 million (MVR 462 million), allocated as follows:
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30 hectares of land for the project – $15 million
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Development of the Central Prison – $15 million
The presidential decree also outlines other investment projects, including airport development, coastal tourism, social housing, land reclamation, and causeway connectivity.
