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Home›Business & Finance›MTCC to Purchase New Dredger
Business & Finance

January 13, 2015 · about 11 years ago

MTCC to Purchase New Dredger

The Maldives Transport and Contracting Company (MTCC) plans to purchase a $36 million dredging vessel, according to Minivan News. MTCC CEO Ibrahim Abdul Razzaq stated that this piece of equipment will be a hopper suction dredger, which will be capable of reclaiming one hectare of new land in just tw

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The Maldives Transport and Contracting Company (MTCC) plans to purchase a $36 million dredging vessel, according to Minivan News.

MTCC CEO Ibrahim Abdul Razzaq stated that this piece of equipment will be a hopper suction dredger, which will be capable of reclaiming one hectare of new land in just two days.

“ This is an investment to ease the land reclamation projects done in the Maldives ,” said Abdul Razzaq. “ We are currently talking with Holland’s IHC Company regarding the purchase, the dredger will be designed to be suitable for Maldives.”

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