Maldives Ports Limited (MPL) has commenced work on flats being constructed by the company in Hulhumale Second Phase.
Corporate Division Head of MPL, Abdulla Faid said that the two-bedroom with maid room flats being constructed under the ‘Hiyaa’ project will not cost more than MVR12,000 monthly. He added that the one-bedroom flats will not cost more than MVR6000 a month.
Faid said that MPL plans to construct 534 apartments in Hulhumale Second Phase, and that the first phase of the flats will be completed by July this year. MPL will construct 204 apartments in the first phase of the project.
“We are working on a schedule. We will open flat application for our staff on 1st April,” Faid said.
He added that all the permanent staff in MPL can apply for flats, and the list of staff receiving flats will be compiled by the 15th of April.
“We will give our staff a period to arrange funds through the bank. If they fail to secure funds, the slots will go to other applicants,” He said.
MPL will construct three 14-storey towers under the flat project – and will be completed within the next two years. The flats will consist of 330 two-bedroom with maidroom apartments, and 204 one-bedroom apartments.
According to MPL, the project will cost MVR 560 million.