The Maldives Ports Limited (MPL) has announced the allocation of funds for the development of a new commercial port in Laamu Atoll. The project, which fulfils a key presidential pledge, is anticipated to commence this year.
MPL’s Chief Executive Officer, Mohamed Wajeeh Ibrahim, confirmed that the government has entrusted the project to MPL. Speaking to PSM News, he stated that the port will be strategically located in Gaadhoo, Laamu Atoll, to facilitate commercial services, particularly within the tourism sector. The new port will offer crucial services such as bunkering and transshipment and include facilities like storage and cruise terminals.
The project represents a significant investment exceeding one million US dollars. CEO Wajeeh Ibrahim revealed that financial arrangements have already been secured and provided to contractors. The commercial port is expected to be a catalyst for job creation, potentially generating approximately 2000 employment opportunities.
In addition to the Laamu Atoll project, the CEO provided updates on other MPL developments. The port in Hithadhoo, Addu City, is currently under construction, with bunkering services already operational. Similar bunkering services are also scheduled to begin soon at the Kulhudhuffushi port in Haa Dhaalu Atoll.
