6 islands earmarked for cross-subsidy projects
The government did not specify which islands would be given to the companies and what terms of the agreement would be.
By
Ahmed Naif
Tourism ministry has announced six islands to be allotted to private individuals in lieu of cross-subsidy or developmental projects.
Agreements are being signed to provide uninhabited islands in return to companies that provide financing for the construction of airports across the country.
According to a notification issued by the ministry, the islands to be allotted under the cross-subsidy model are:
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1-
Sh. Kudalhaimendhoo
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2-
N. Kunnamalai
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3-
Lh. Meyyafushi
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4-
Th. Dhiffushi
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5-
Th. Kalhufahalafushi
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6-
GA. Fulangi
The companies that have signed up to finance airports to provide an island are:
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A company linked to Sunland, a local company that operates resorts
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Local business Muni Enterprises
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Rank Projects and Development Private Limited (a Tamil Nadu company in India)
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Angiri Resorts Management and Operations Private Limited
The government did not specify which islands would be given to the companies and what terms of the agreement would be.
Islands where airports will come up:
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HDh. Makunudhoo
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Sh. Bileiifahi
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An island in the southern part of Raa Atoll (island not specified yet)
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B. Thulhadhoo
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F. Magoodhoo
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Th. Vilufushi
In December, the planning ministry had announced that the minimum amount to be offered by those interested in developing airports would be $5 million. However, due to poor response to the announcement, the ministry re-announced the minimum offer price at $3 million and published it in February.
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