The World Bank and the Maldives Government has signed a $ 16.5 Million project.
The project supports resilient urban development and disaster preparedness in the Maldives. The agreement was signed virtually last week between Minister of Finance, Hon. Ibrahim Ameer and the World Bank Country Director for Maldives, Nepal and Sri Lanka, Dr Idah Pswarayi-Riddihough.
The project will support the government efforts to modernise the Maldives urban infrastructure, enabling it’s expansion while making more climate-resilient. This will include a renewal of the obsolete stormwater drainage system in the capital Male’ which has not been functioning for the past decade.
The project will also find a sewage treatment plant on the island of Hulhumale’ that was reclaimed to reduce the congestion in Male’ and to meet the growing demand for urban space in the country. This plant would help reduce the release of untreated wastewater into the sea protecting fisheries and tourism industry from pollution. Given the situation, good hygiene is a critical measure to control the COVID-19 pandemic.
The Urban Development and Resilience Project would be carried out by the Ministry of National Planning and Infrastructure with the support from NDMA, City councils from Male, Addu, HDC and MWSC. The project would cost a total of $ 16.5 Million which included $ 8.25 million grant and a $ 8.25 Million credit from the
The Urban Development and Resilience Project will be implemented by the Ministry of National Planning and Infrastructure with support from NDMA, City Councils of Male and Addu, HDC and MWSC. The total project cost is $16.5 million, including a $8.25 million grant and a $8.25 million credit from the International Development Association.