No progress in monorail project two years after agreement

May 26, 2026, 10:37 AM
An illustration of the proposed project.

An illustration of the proposed project.

Two years after a project was awarded to connect Male', Funadhoo, and Velana International Airport via a monorail system, work on the venture is yet to commence.

The Maldives Airports Company Limited (MACL) signed a Memorandum of Understanding (MoU) with China’s Beijing Urban Construction Group (BUCG) to execute this mega-project, which includes Funadhoo—an island the current administration has designated for development as a Special Economic and Financial Services Zone.

MACL announced the signing of the MoU with BUCG for the project, titled the "West Side Commercial Hub and Rail Transport Development," on October 14, 2024.

While the project was officially contracted to the Chinese firm in October 2024, the responsibility for securing the necessary financing had previously been assigned to Dubai’s International Free Zone Authority (IFZA). Economic Minister Mohamed Saeed confirmed IFZA’s involvement during a press conference held on May 25, 2024.

IFZA has also been tasked by the government with the development and management of areas designated as Special Economic Zones (SEZs) within the Maldives.

Project awarded to link Male' and Hulhule' with Funadhoo via monorail

The work was awarded to Dubai's International Free Zone Authority (IFZA), which is also responsible for developing and operating the Special Economic Zone (SEZ).

The government previously said that the monorail network would connect Male', Funadhoo, and Hulhule', and extend to Furanafushi, where the new seaplane terminal is slated for relocation. However, two years into the project's timeline, even the most basic administrative and land-related preparations remain at a standstill.

No practical steps have been taken to relocate the existing fuel farm on Funadhoo, nor has any work begun on the transition of the Sheraton Maldives Full Moon Resort & Spa currently operating on Furanafushi.

Without completing these logistical shifts, the government has yet to provide a timeline or a clear roadmap for when physical work of the monorail project will officially begin.

This project is among several high-profile "dream projects" announced by the current administration, which also include an underwater tunnel connecting Male' to Rasmale', the Addu Bridge, and the establishment of an international financial center.

Comments

Read More

Latest News

Mental health centre opened in Kulhudhuffushi

Kulhudhuffushi City has opened "Manas Hub," a new mental health center launched by the City Council and the Australian High Commissioner. The facility aims to reduce social stigma and provide accessible support, treatment, and early intervention. This milestone marks a major step in strengthening community-based mental health services.

Audit reveals millions in losses over project given to POLCO

An audit revealed millions in losses after the Home Ministry awarded a prison project to POLCO without competitive bidding. POLCO subcontracted the work for a fraction of the price and charged MVR 2.9 million for demolition work that never occurred. The Auditor General has recommended an investigation by the Anti-Corruption Commission.

Yameen urges Eagle Hills to scrap Rasmalé project

Former President Abdulla Yameen has urged Eagle Hills to scrap the Rasmalé project, labeling it an exploitation of a "morally bankrupt" regime. He cited public resentment and controversial lease terms that suggest a permanent loss of land. The project faces heavy criticism for its financial structure and perceived lack of public support.

PG had secured release of suspect detained with film stars

Shahil Mohamed, recently arrested with several film stars for drug offenses, was previously released from pretrial detention in a two-kilogram heroin trafficking case. The Prosecutor General’s Office had requested his release due to his medical condition and length of detention. He has now tested positive for synthetic drugs.

Eagle Hills to develop 5,000 housing units in Urban Isle

UAE’s Eagle Hills will develop 5,000 housing units in Hulhumalé’s "Urban Isle" as a prerequisite for the Rasmalé Waterfront project. The $400–$500 million development features three-bedroom apartments funded by future property sales. This initiative replaces a stalled $8 billion financial center project previously planned for the same site.

Two discharged, two in critical condition after road accident

Two people are in critical condition on ventilators and two others have been discharged following a motorcycle crash in Hulhumalé. The accident occurred when a motorcycle carrying three people fled police by driving against traffic. One victim suffered a brain hemorrhage, and the unlicensed driver reportedly has an extensive criminal record.

Renovation begins at Hulhumale' synthetic track

Renovations have begun on the Hulhumale' synthetic track to upgrade it to international World Athletics standards. The project involves installing a high-quality polyurethane surface to ensure athlete records are officially recognized. Work is expected to be completed by January next year.

Newsletter

Get the latest news delivered straight to your inbox