A whole island for 1500 dollars!

kudafinolhu island

The island of Kudafinolhu is north of fun island is in the press with the Villa Group claiming the tourism ministry’s revision of the rent for the island is against the original agreement signed with the ministry. The island was leased to the Villa group at a paltry 1500 dollars as a picnic island. The revised rent is based on the size of the island and amounts to 51,784 dollars annually.
The case highlights the corruption and self-interest at play in the tourism ministry over the years and its an encouragement that the tourism ministry is at-last seen to be doing something about these issues.
Although a picnic island by itself does not generate income like a ‘resort’, resorts sell excursions to guests which is a lot of money on a yearly basis. For the purpose of rent for the k.kudafinolhu, 1500 dollars is only symbolic. This goes in the same line where Villa group was awarded a plot of land in Male’ for filling station for only 6rf per sq-ft. If we consider another similar island Kuda Bandos, which is a primarily local picnic island, the rent for the island is 1,130,333 dollars! so the kinds of money expected from picnic island is not paltry at all when dealt farily. There are more islands and more stories like this which needs to come out to light and accountability.

Related story: Kandholhu Island