State Trading Organisation (STO) has announced plans to build a special facility in K. Gulhifalhu to unload large shipments of construction material imported into the country via sea.

The announcement was made by the Managing Director of State Trading Organisation STO, Ahmed Shaheer during his presentation at STOs Annual General Meeting held at Dharubaaruge last Wednesday night.

According to Mr Shaheer, while construction is one of the leading trades by STO, the lack of the organisations facilities to unload products such as construction aggregate was a huge challenge. As such STO has bought land in Gulhifalhu and has launched the project to build a berthing facility, large enough to accommodate large cargo ships.

Mr Shaheer described the project as one of the most important initiatives undertaken by the organisation which will cost approximately MVR 97 million.

Shaheer also mentioned that the organisation was relocating the ready-mix concrete batching plant in Male City to the Male Industrial Village to meet with the rising demand for the product; and opening a ready-mix concrete batching plant in Hulhumale within this year. The value of the project is approximately MVR 45 million.

STO has bought two MVR 18 million landing crafts to improve its logistics. The organisation is also building a multi-story warehouse in a 48-square foot land area in Male Industrial Village to structure all its logistics under one roof in a MVR 308 million project.