Our Low Cost Housing Projects

Low Cost Housing Project, Maldives

OIA

Low Cost Housing

OIA HAS BEEN AWARDED THE PRESTIGIOUS PROJECT FOR THE CONSTRUCTION OF LOW COST HOUSES IN THE REPUBLIC OF MALDIVES. IT CONSTITUTES A TOTAL NUMBER OF 485 HOUSES, OF WHICH 386 WILL BE IN THE HULHUMALE AREA AND 99 IN THE THINADOO AREA. THE VALUE OF THE CONTRACT IS USD 39 MILLION AND THE PROJECT IS EXPECTED TO BE COMPLETED BY MIDDLE OF 2014.

Maldives is faced with multiple factors such as an increasing scarcity of land; high costs of construction and reclamation; the need to accommodate many more uses and the need to respond to the need and desire of households to locate in areas that are better serviced, secure and have better economic prospects. This is particularly critical now, as the Maldives is going through political, economic and demographic changes, which, if left unaddressed could leave the disadvantaged and vulnerable groups, such as the poor, women and singleheaded households, marginalized by their socio-economic and historic circumstances, leaving their rights and their needs unrecognized and unmet. Several strategies have been formulated to address these issues, most important of which is the goal for attaining "Adequate housing for all".

OIA's Role

The Government has recognised that the affordability of housing needs to be extended through better availability of land and housing finance to improve access to housing, especially for the disadvantaged and vulnerable groups whose circumstances and socio-economic situation are such that their needs are beyond the market, such as women and single-headed households and those affected by disasters and displacement. With these considerations in mind, the Ministry of Housing & Environment, Male, Republic of Maldives awarded OIA the project, in 2012, for the construction of low-cost houses in the Republic of Maldives. Based on the directives and terms of the contract, OIA will engineer and construct a total of 485 houses, of which 385 will be in the Hulhumale area and 100 will be in the Thinadoo area. OIA will be using the latest Mivan Shuttering technology for building these affordable homes. The value of the contract is USD 40 million the project is expected to be completed by end of 2014.

Housing Capacity Building

With the issue of severe land shortage for housing and infrastructure services in Male, it was decided by the Government that a new island be reclaimed within Hulhumale/Farukolhufushi lagoon. Reclamation of first phase of the development started in 1997 and was completed in 2003. First residents moved to Hulhumale in 2004 with the completion of 280 residential units, 48 commercial units, major road network and main social infrastructure, including a school, a hospital, an administration building and a mosque. All utilities such as electricity, water and sewerage and telecommunication were also established. In addition 222 land plots were allocated for residential purpose and 65 land plots allocated for light industrial activities. Since then, land has been allocated to private sector as well as Government agencies for private housing, condominium housing, social housing, institutional development and social infrastructure development. The contract awarded to OIA is the latest phase of the on-going initiatives of the government for improving the supply of affordable homes.