A Chinese company has been awarded Thilafalhu dredging work under efforts to develop the industrial island, Thilafushi, as the country's main industrial hub.
The Housing Development Corporation (HDC) awarded the dredging project to China Harbor Engineering on December 15.
Thilafushi was transferred to HDC jurisdiction earlier in 2020. The corporation has developed a master plan to develop Thilafushi as a modern economic hub.
The project will dredge an area of 150 hectares from the Thilafalhu lagoon, which is an area larger than Thilafushi island. The present size of Thilafushi is about 4.6 million square feet.
The dredging work will be divided into three parts. In the first phase, 40 hectares of land will be dredged within 12 months, and the land will be allocated for industrial activities and small businesses. Sixty percent of the newly reclaimed 150 hectares will be allocated to businesses, while the rest will be used for roads and public services.
The opportunity is open to those interested in buying land from the reclaimed area.
