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MaldiveIse.com
02 April 2006
The Tourism Ministry of Maldives announced
on 2 April 2006 that 10 islands from eight
atolls are on tender.
These 10 islands are among the 35 new islands
to be released for tourist resort development,
consisting of 20 islands to be placed on
bid and 15 islands to be awarded to a proposed
public company for tourism development.
An announcement by Tourism Ministry said
that the resorts are to be developed in
Haa Alifu, Haa Dhaalu, Shaviyani, Noonu,
Raa, Thaa, Gaafu Alifu and Gaafu Dhaalu
atolls under a policy to develop tourism
in all parts of Maldives.
The islands chosen for development as resorts
are:
1. Haa Alifu Manafaru (100 beds)
2. Haa Dhaalu Kudamuraidhoo (250 beds)
3. Shaviyani Vagaru (70 beds)
4. Noonu Kudafunaru (100 beds)
5. Raa Lundhufushi (40 beds)
6. Thaa Malefushi (100 beds),
7. Gaafu Alifu Meradhoo (44 beds)
8. Gaafu Alifu Munandhua (48 beds)
9. Gaafu Dhaalu Gazeera (44 beds) and
10. Gaafu Dhaalu Vatavahhera (150 beds)
The proposed number of beds to be developed
in these islands is total of 766.
Tourism Ministry said that the bid documents
for these islands will be available starting
Monday for MRf2000 for Maldivians and US$300
for foreigners.
The bid documents for Vagaru, Lundhufushi,
Meradhoo, Munandhua and Gazeera islands
will be sold till May 16. The bid documents
for the other five islands will be available
for purchase till Mar 18.
Pre-bid meeting for the tendered islands
are to be held on 20th of April 2006 according
to the Ministry of Tourism.
The Ministry in its website stated that
this round of bidding will include two types
of bidding. Those are Lease-Rent Controlled
Bids and lease-Rent Open Bids.
Lease-Rent Controlled Bids:
In this type of bids, the highest rent
that can be proposed per bed per year is
fixed. This is meant to facilitate medium-priced
resorts to enter the market over the next
one to two years. Controlling the lease-rent
at a reasonable level, is meant to help
lighten the burden of raising investment
finance and ensure smooth completion of
the project. The total lease period is 25
years and the rent after the tenth year
will be determined based on the prevailing
average lease rent rate in the Maldives
tourism sector at that time.
H.A. Manafaru
H.Dh. Kudamuraidhoo
N. Kudafunafaru
Th. Maléfushi
G.Dh. Vatavarreha
Lease-Rent Open Bids:
In this type of bids, the islands will
be awarded to the bidder who proposes the
highest rent for the first 10 year period.
This bid is targeted at islands with smaller
bed-capacity and is meant to provide the
opportunity for bidders who may want to
win a price competitive bid and develop
innovative and luxury products. The total
lease period is of the islands is 25 years
and the rent after the tenth year will be
determined based on the prevailing average
lease rent rate in the Maldives tourism
sector.
Sh. Vagaru
R. Lundhufushi
G.A. Meradhoo
G.A. Munandhuva
G.Dh. Gazeera
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