Maldives Road Development Corporation - a government developmental project handling initiative - is getting ready for closure, according to trusted sources.
A confidante to Avas Online had assured that the decision for 'discontinuing' the entire MRDC operations was derived on Sunday through a policy-level meeting. The source had also asserted the decision comes with the recommendation of incumbent President Abdulla Yameen Abdul Gayoom.
The corporate decision will be announced on Thursday while all the tangible assets along with its personnel will be transferred under Housing Ministry's Public Works section.
Avas Online contacted to a senior level official of Finance Ministry to extract a viable response to closure of MRDC to which the officer had refrained from giving an official statement on the matter however did not disagree to the query regarding MRDC's asset transfer under Housing Ministry. The official had vaguely remarked the details of the matter cannot be discussed at the time.
Meanwhile attempts made to reach any officer of MRDC had not been successful, in order to derive a definitive response to the news.
While the exact nature for government moving ahead in 'disbanding' the development-related company is unclear, some trusted sources had explained state reasoning for the losses incurred to the corporation annually.
State has apparently decided to transfer the personnel and tangible assets of MRDC to cut the administration and management cost of running a separate entity, by having it operate under Housing Ministry.
Housing Ministry had formulated a construction oversight committee responsible for bringing considerable administrative and developmental changes to the field, as well as in correlation to the Building Construction Act.
The closure of MRDC comes at a time when the corporation is handling several high-profile projects including road construction on several islands while the development and construction of both runway and apron at Kulhudhuffushi airport was assigned to the company.
Recently Anti-Corruption Commission (ACC) had probed cases related to corruption in MRDC.
