Phase 2 of 1,500 housing units development by CMEC signed

The signing ceremony for development of one thousand five hundred housing units development in Maldives was held yesterday morning at Dharubaaruge. This is the phase 2 of the project which is funded through Government to Government finance facilitated by the Government of China.

On behalf of the Maldives Government Minister of Housing and Environment Mohamed Aslam singed the agreement and Vice president of China National Machinery and Equipment Import and Export Corporation (CMEC) Mr. Li Chaoyang signed the agreement on behalf of CMEC.

After the signing, statements were given by the Minister of Housing and Environment Hon. Mohamed Aslam and Mr. Li Chaoyang, Vice President of CEMC.

Speaking at the ceremony Minister Mohamed Aslam thanked the Chinese Government for the support extended to the Government of Maldives in delivery of the housing pledge, and noted the commitment shown by CMEC in development of the first phase and reaching the second phase.