MTCC incurred MVR 13M loss in Rasrani Bageecha project

5 years ago

Maldives Transport and Contracting Company (MTCC) says it incurred a MVR 13 million loss over the termination its contract to develop the Sultan’s Park. MTCC was contracted to develop Sultan’s Park in 2016, but the contract was later terminated and the project handed over to the MNDF welfare corporation SIFCO. MTCC’s directors were quizzed by shareholders regarding the projects it incurred losses