The Maldives Airports Company Limited (MACL) has signed an MoU with China's Beijing Urban Construction Group (BUCG) to connect Funadhoo to Velana International Airport (VIA) and the capital Male' by monorail.
MACL Managing Director Ibrahim Shareef and BUCG Managing Director Luo Wei signed the MoU on Monday.
The project is named West Side Commercial Hub and Rail Transport Development. This is part of the development and expansion of VIA and the Special Economic Zone (SEZ) project in Funadhoo.
The funding for the monorail project will be arranged by Dubai’s International Freezone Authority (IFZA), which was also tasked with developing and operating areas designated by the government as Special Economic Zones (SEZs).
In addition to Male', Funadhoo and Hulhule', the monorail network will also connect Furanafushi, where the new seaplane terminal will be relocated. However, no practical work has been started on the relocation of the fuel farm in Funadhoo and the Sheraton Resort in Furanafushi.
