HDC opens bidding for development of Marina & hotel

Sunday, 9 November 2008 07:38

Hulhumale' Development Corporation Ltd. (HDC) has announced bidding for the lease of land to develop a Marina inclusive of an 80 bed Hotel in the lagoon of Hulhumale', for the second time.

The bidding opened on Wednesday, involves reclamation of part of the area in the western lagoon of Hulhumale' to develop the hotel and provision of berthing and other complementary services relevant to the Marina.

HDC says that corporation firmly believes that considering the strength of the Maldives tourism industry and the expanding safari tourism, the project offers great potential for tourism investors both local and foreign. HDC further said bidding cab be participated by both local and foreign investors. The lease period for the project is 25 years and the successful bidder is expected to complete the project within 30 months from the date of signing the lease agreement with HDC.

HDC said bid documents will be available from HDC main office in Hulhumale’ from Thursday, 06th November 2008 to Tuesday, 16th December 2008. All interested parties wishing to purchase bidding documents are required to submit an application form available from the company’s main office and the company website.

The purchase price of the bidding documents for foreign bidders is United States Dollars One Thousand and One Hundred (US$ 1,100). For Maldivian bidders or legal entities registered in Maldives with one hundred percent (100%) Maldivian ownership the purchase price is Rf Twelve Thousand (MRF 12,000).

Deadline for the submission of the bidding documents is before 13:00 hrs of Monday, 22nd December 2008. Bid opening will be held on the same day at 13:15 hrs.

An area of 150,000 square meters of the western lagoon of Hulhumale’ is allocated for the project. Out of this approximately 40,000 square meters shall be reclaimed and the remainder would accommodate berthing facilities for at least 60 yachts / safari boats. The reclaimed area shall be utilized to house the Eighty Bed Hotel plus other ancillary services such as fuel refilling, water supply, cyber café, souvenir shops, etc. An equal investment opportunity for the project is open to both local and foreign individuals, partnerships and companies.

Source: miadhu.com.mv

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