Maldives Ports Limited (MPL) has decided to postpone the collection of rent for its flats and has also decreased the payable rental amounts.
Speaking to PSM News, Chief Executive Officer (CEO) of MPL Mohamed Wajeeh Ibrahim said that he worked diligently to finalise all crucial tasks within two months of assuming leadership of the company. He said that while some works have been contracted out, others are still in progress. He noted that families have begun moving into the MPL flats where construction has been completed, with approximately 100 families having already relocated to the flats.
Additionally, Wajeeh highlighted that delays in the project are attributed to issues encountered during the contracting phase under the previous management of MPL. He, however, assured that the new management has assumed responsibility and is monitoring the project's progress. He emphasized that efforts are being made to expedite the completion of the remaining finishing works of the flats.
Furthermore, Wajeeh announced a reduction in rent and a postponement of the rent payment deadline. He indicated that rent payments are now slated to commence from April onwards, as per the revised decision.
The construction of MPL Hiyaa towers commenced in 2018. It consists of 534 apartments, including 204 one-bedroom units and 330 three-bedroom units, categorized into four types. The down payment procedures have been finalised despite the setbacks and keys to the flats have been distributed to MPL employees. The employees themselves are currently undertaking the interior works for the flats.