The Government of Maldives and Asian Development Bank (ADB) has signed a grant agreement of 9,690,000 US Dollars  for the financing of Kulhudufushi harbour expansion project on 5^th October 2016.

The Minister of Finance and Treasury Mr. Ahmed Munawar signed the agreement on behalf of the Government of Maldives, and Mr.Hun Kim, Director General of South Asia Department signed on behalf of ADB.

The main objectives of the project is to develop a new passenger harbour and related ancillary facilities in Kulhudhuffushi.