Project
Thilafushi international, local and bulk port
procurementThilafushi, Kaafu Atoll
A new port on 20 hectares of Thilafushi land, bought from the Housing Development Corporation, to take over container and bulk cargo operations from Malé Commercial Harbour. Estimated at more than USD 220 million and expected in 2027; a MVR 97 million bank loan part-financed the land and the company is arranging finance for construction.
Last reviewed · Recorded from MPL Annual Report 2024.
- Employer
- Maldives Ports Limited (MPL)
- Contractor
- —
- Financier
- —
- Value
- USD 220 million
- Financing
- —
- Procurement
- —
- Signed
- —
- Started
- —
- Expected completion
- 31 Dec 2027
Why it matters
The largest port investment in the country’s history, and the only route out of the space constraint at Malé Commercial Harbour through which nearly all imports pass.
Official project page ↗ · the owner’s own page; this tracker is Good Morning Maldives’ record.
Documents
- MPL Annual Report 2024Annual report