Contract Signed for the Development of Lh. Felivaru Cold Storage Complex
Contract for development of a cold storage complex in Lh. Felivaru was signed between the Maldives Industrial Fisheries Company (MIFCO) and Rinac India Limited on 18 January 2023 in Hanimadhoo, during the ceremony held to officially break ground for the development of Hanimadhoo International Airport. The contract was signed by the CEO of MIFCO, Mr. Ismail Fauzee and the Managing Director of Rinac India Limited, Mr. P. Sukumaran.
The USD 23 million worth project funded under the line of credit facility extended by the Exim Bank of India will see development of a 4,000MT cold storage complemented with a 200MT brine freezing facility, an 80MT refrigerated seawater facility, a 50MT block ice plant and a 100MT ice storage in GA. Gemanafushi.