The Maldives Transport and Contracting Company Plc (MTCC) has won a contract from a Thailand hospitality management and holding company, Centara Hotels and Resorts, for the reclamation works on three islands in Kaafu Atoll area in the Republic of Maldives.
Thirayuth Chirathivat, the CEO of Centara Hotels and Resorts, signed the agreement on behalf of the company and the MTCC CEO, Hassan Shah, put his signature on behalf of the Maldives giant.
The signing ceremony was held today at the Centara Head Office in Bangkok, Thailand.
Under this agreement, 21 hectares of land from a lagoon in Kaafu Atoll will be reclaimed. Additionally, the scope of work will include shore protection works and the construction of a breakwater.
The project is expected to be completed in 300 days, MTCC said in its release.