MTCC is Still At It! Here’s Why They Keep Smashing Those Profit Records

In the first three quarters of this year, Maldives Transport and Contracting Company (MTCC) recorded a profit before tax of MVR 140 million, the highest ever recorded in its 39 years of existence.

MTCC has been tirelessly working on a number of construction projects across the Maldives. The dedication and hard work of the MTCC team is clearly evident in the progress they have been making this past week.

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The road construction project of R. Ungoofaaru mobilized on 12th June last year, is well underway with an overall 42% project progress. The installation of 2000sqm stormwater pipes has been completed and subgrade works have commenced.

Work on S. Meedhoo Harbour has reached an overall 80% project progress. Channel dredging works and quay wall works for the project is currently ongoing, with 34% and 85% completion respectively. The project was mobilized on 18th September 2019.

The Hdh. Hanimaadhoo Harbour project, mobilized on 5th May 2020, is now a quarter of the way complete. Harbor basin dredging works for the project is currently ongoing, with 53% completion.

Lastly, work on the B. Fulhadhoo Harbour has reached 50% project progress. Dredging works for the project is currently ongoing, with 87% completion. The project was mobilized on 10th November 2019.

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