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AIMA Won Hulhumale' Flat Bid

Posted on 8 June 2007

Aima Construction Private Limited has won the bid to build 500 flats in Hulhumalé’, after they proposed the lowest price of US $ 17,898,225.25. A total of 7 parties presented bids for this project. According to Hulhumalé’ Development Corporation, Tender Evaluation Board of Ministry of Finance of Finance and Treasury announced this on 6th June.

It is estimated that the agreement will be signed in the coming week with the successful bidder and the contractor estimates the work of 500 flats will be completed within 17 months from the date of signing of contract.

HDC plans to award the flats while construction work is going on.