News

Male’ City Council proposed unfeasible revenue sharing model: MPL

Maldives Ports Limited (MPL) has stated the Male’ City Council requested an unfeasible amount of revenue from the Male’ North Harbour and T-Jetty.

MPL has held discussions with the Male’ City Council after the President’s Office ordered MPL to transfer a percentage of the revenue from the Male’ North Harbour and T-Jetty to the city council under a revenue-sharing model. However, at a news conference, the Male’ City Council blamed MPL for delays in implementing the order and accused the state-owned company of refusing to meet with the councillors after they submitted the proposed numbers for the revenue sharing model.

Responding to the accusations, MPL stated that the Male’ City Council had refused to accept the terms of the agreement after the company proposed its conditions following an evaluation of the relevant financial matters and that the council had proposed a much larger and financially unfeasible number. MPL denied the council’s accusation that the company had refused to accept invitations for further discussion, adding that details of their meetings have been submitted to the President’s Office.