MVR10 Billion on Public Sector Investment in 2020

Tuesday 21st of January 2020

MVR10 Billion on Public Sector Investment in 2020

Public Sector Investment Program projects will be showcased in Dharubaaruge tomorrow. Ministry of National Planning and Infrastructure, along with Maldives National Association of Construction Industry is hosting it from 8 30am to 3pm.

The government planned on spending MVR10.1 billion on Public Sector Investment Program, as reflected on the proposed state budget for 2020.

Under the PSIP, projects for major ten areas of focus will be carried for which the budget has been allocated systematically with MVR3.3 billion of the PSIP budget focused on Greater Male’ Region while MVR2.5 billion will be focused to other atolls.

The government plans on executing developmental projects focused on housing, environment, social and economic growth.