Male' City Council decides to undertake projects valued at a minimum of MVR 1.5bn
10 ޖުލައި 2026 | ހުކުރު 09:14The Male' City Council has announced plans to partner with the private sector to undertake major infrastructure projects, including the construction of parking buildings and housing units. To bolster its financial standing, the council intends to establish a reserve fund, while simultaneously focusing on cost-reduction measures such as digitalizing administrative operations and investing in renewable energy solutions.
A picture from a meeting of the 5th term of the Male' City Council. | Male' city council
Under its medium-term financial plan, the Male' City Council has outlined a series of mega-projects valued at a minimum of MVR 1.5 billion within its official development roadmap.
This was announced during the Male' City Council's second town hall meeting of 2026, held on July 9, 2026. During the meeting, the council shared details regarding key development projects planned for the city's future.
The council stated that funding for this development plan is expected to be secured by opening opportunities to the private sector. These projects aim to address various challenges facing Malé, including the construction of parking buildings, housing developments, and transport terminals, as well as the creation of parks, public squares, and commercial buildings.
Special measures have been decided upon to bolster the council's revenue. These include the formulation and implementation of a "base rate framework" for the leasing of council-owned land and buildings. Furthermore, under the council's medium-term development financial plan, a decision has been made to establish a reserve fund and utilize it for investments aimed at increasing income. The council noted that this is a significant step toward securing a sustainable revenue stream.
As part of a broader cost-reduction policy, investments are set to be made in renewable energy to lower electricity expenditures. Furthermore, to address the year-on-year increase in administrative operational costs, a decision has been made to implement a "digital-first" policy.
Furthermore, plans are underway to consolidate administrative operations under one roof and vacate buildings currently being utilized on a rental basis. The council also aims to strengthen its procurement system and reduce expenditures through bulk purchasing strategies.
These projects and structural reforms are expected to transform the Male' City Council into a financially empowered institution capable of delivering comprehensive services to the public.
