# Thilafushi international, local and bulk port

_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._

- Status: procurement
- Value: 220 USD
- Employer: [Maldives Ports Limited (MPL)](https://www.goodmorningmaldives.com/entities/maldives-ports-limited)
- Expected completion: 2027-12-31
- Location: Thilafushi, Kaafu Atoll
- Last reviewed: 2026-09-22

## Strategic significance

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.

## Documents

- [MPL Annual Report 2024](https://www.goodmorningmaldives.com/documents/mpl-annual-report-2024) — Annual report

## Coverage

- [Rebuilding a city that cannot stop: Malé's flooded streets and the cost of putting a nation on two square kilometres](https://www.goodmorningmaldives.com/news/male-rebuilding-city-cannot-stop-flooding-concentration) — 2026-10-23, Business & Infrastructure — A 90 mm storm flooded Malé on 21 October 2026. GMM's analysis of 51 years of rain, the tide gauge and the drains finds an island that has lost the capacity to cope, and sets out how to rebuild it without stopping the city.

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