Contract Signed for the Development of Hanimaadhoo International Airport
Contract signing ceremony for the development of Hanimaadhoo International Airport was held by the Ministry of Economic Development on 25th September 2022. On behalf of the Government of Maldives, the contract was signed by Regional Airports Company with JMC Projects India Ltd who was awarded the project. The ceremony was officiated by the Minister of Economic Development, His Excellency Fayyaz Ismail.
Hanimaadhoo International Airport Development project is the largest infrastructure project undertaken outside the Greater Male’ Region in the history of Maldives. The project financed by the Indian Exim Bank’s Line of Credit is an investment of over US $ 136,625,386.44. The project is envisioned to be a catalyst for the development of the North of Maldives into an engine of growth and prosperity as part of the government’s decentralization policy to serve major economic and social objectives of the government.
The new Hanimaadhoo Airport is designed to accommodate Airbus A320 and Boeing 737 aircrafts used in international air transport. This development will bring about the capacity to operate direct flights to and from destinations in South Asia, Southeast Asia, Middle East and East Africa. A new runway of 2.46 kms, a fuel farm, and a passenger terminal with the capacity to handle 1.3 million passengers per year inclusive of all other modern facilities required for an international airport will be developed under this project.
Once the new international airport is opened in Hanimaadhoo, the region will be directly connected to the international air transport network, and will generate significant increase in opportunities and interest by local and foreign investors to invest in guesthouses, resorts and hotels in the northern atolls.