Maldives Ports
2022-present (3 years)
Maldives Ports Limited is a state corporation of the Maldives, created to be the sole port authority of the ports of the Maldives. It is 100% owned by the government of Maldives and is located in Malé, the principal port, major city and capital of the archipelago nation in the Indian Ocean. The Port of Malé comprises an Inner Harbour, used by pleasure craft, the fishing industry and coastal trade; and an Outer Harbor where larger ships may port. MPL is planning to relocate the port to either the island of Thilafushi or Gulhifalhu. The completion of the new port will take about 2 to 3 years, including all the land reclamation process. The new port will have a capacity of around 220 thousand containers, enabling turning vessels around in one to two days. The estimated cost for a port like this amounts to US$250 million.
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