Revenue-sharing price proposed by MPL not acceptable to City Council

Maldives Ports Limited (MPL) has said that Male' City Council has not agreed to the proposed price to share part of the revenue generated from the North Harbor and T-Jetty.

The council has expressed concern that it was not receiving any revenue from the North Harbor and the T-Jetty. The council gave a 90-day notice to MPL to take over the operation and management of the T-jetty port and attempted to take over the jetty when the deadline expired.

While the current term of the City Council passed the one-year mark on Wednesday, the council reiterated its concerns over the lack of revenue from the North Harbor and T-jetty. The city's Mayor, Dr. Mohamed Muizzu, said the revenue from T-jetty could provide many services to the people but that the government was preventing it.

Regarding the Mayor's comments, MPL said the President's Office had asked the company to arrange a revenue-sharing model for the revenue generated from the North Harbor and the T-jetty port with the Male' City Council in late January. The company has consulted with the Male' City Council on the matter, in accordance with the order, the company said.

However, the City Council did not agree to the price offered by MPL after considering the matter. Instead, the council offered a much higher price than that offered by MPL, and that the counter-proposal was not reasonable, MPL said.

"And it is not a financially feasible price. We have now shared the information of these discussions with the President's Office," an MPL official said.

T-Jetty was handed over to MPL while under the City Council's mandate during the government of President Abdulla Yameen. Mayor Muizzu was the Housing Minister at the time.