MVR 1 billion for housing in islands next year, president says
He emphasised the government’s commitment to long-term solutions through dedicated development projects.
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President Dr Mohamed Muizzu has announced that next year’s national budget will allocate MVR 1 billion towards the construction of housing units in the islands, as part of the government’s broader efforts to address housing needs across the country.
Speaking at a rally in Manadhoo, Noonu Atoll, the President stated that housing remains the most pressing issue in Manadhoo and other parts of the country. He emphasised the government’s commitment to long-term solutions through dedicated development projects.
The President said that no single island could implement sufficient housing projects within a single year. In response, 58 new island housing units are scheduled to begin this year, including those in Manadhoo. These are in addition to 40 units already in progress.
“For the coming year, we are putting another MVR 1 billion into the budget for more projects,” he said, noting that his policy is to ensure that sufficient housing units are established in stages over the years.
Loan scheme and budget breakdown
The President also outlined the government’s housing loan scheme, which offers loans at a 5% interest rate nationwide. Residents of Manadhoo will be eligible to apply, and the scheme will remain open annually.
Proposals for the 58 new housing units have already been received and are under evaluation by the Housing Ministry. Once the evaluation is complete, construction will begin.
The government has allocated MVR 1.5 billion for housing in the current year. Combined with next year’s allocation and other funding, the total housing budget now stands at MVR 3 billion.
Other development initiatives in Manadhoo
President Muizzu provided updates on additional infrastructure projects planned for Manadhoo:
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The sewerage system project will recommence, with the Regional Development Corporation (RDC) scheduled to begin practical work next month. Completion is expected in approximately six years.
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Road development projects will continue alongside sewerage works.
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A direct RTL ferry link between Manadhoo and Raa Atoll’s Inguraidhoo is expected to begin operations in November.
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The school project, currently delayed, has been reassigned to a contractor to resume progress.
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Construction of the island hospital is underway, with specialist doctors to be recruited in the coming stages.
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Work on a volleyball court is scheduled to begin this year, along with the planned development of an outdoor gym, a fitness and recreation centre, and the promised multi-sports complex.
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Administrative preparations for an Islamic University campus on the island are ongoing.
In addition, the passport issuance system in Manadhoo was officially launched at the rally, with the ceremony officiated by Home Minister Ali Ihsan.
