The Government of Maldives on Sunday, September 25, signed the agreement with JMC Projects (India) Ltd. for the development of Hanimaadhoo International Airport.
Under the line of credit, through the agreement between Government of Maldives and Exim Bank of India in 2019, the project was contracted to JMC for USD 136.6 million (MVR 2 billion).
The development project consist of the construction of 2.46 kilometer runway, and a terminal to serve nearly 1.3 million passengers a year.
The physical works of the project is set to begin later this year, and the completion is set to 2024.
Upon completion of the project, Hanimaadhoo International Airport can welcome Airbus A380s and Boeing 737s, two of the largest classes of passenger aircrafts in operation in the world. Moreover, the Airport’s development will allow direct flights between Maldives and Middle-East, South-East Asia, and East African countries.
An International Airport in Haa Dhaal Atoll also paves way to increase the number of resorts, city hotels and guesthouses in the Northern Atolls, especially in Bodu Thiladhunmathi (Haa Alif Atoll, Haa Dhaal Atoll).
Economic Ministry has previously estimated around 1,000 jobs to be created directly and indirectly due to the development of an international airport in the North, subsequently improving the overall economy in the area.
The Government had also noted the project is the largest project to be undertaken in the Maldives outside of capital city.