Maldives awards ‘Hiyaa’ scheme to Chinese company for US$ 434 mln
Govt. will pay out US$ 434 million
President and First Lady launches Hiyaa housing scheme which is now awarded to a Chinese coporation
Chinese papers have reported the massive ‘Hiyaa’ housing scheme has been awarded to China’s China State Construction Engineering Corp. for a staggering US$ 434 million.
The Government’s flagship housing scheme to house 80,000 citizens was launched last Saturday.
The papers also reported the entire bidding process had taken half a year, but was scant on other details. However, it went on to say that design works and purchase of materials will be carried out by the company.
Media sources report that the project will be carried out ‘according to Chinese standards after fully considering local geographical conditions’.
President’s Office said the ‘Hiyaa’ housing project is aimed at resolving the housing issues being faced by around eighty thousand individuals of the population. A total of 10,080 housing units will be developed in 36 towers, including apartments of 1 bedroom, 2 bedrooms and 3 bedrooms.
