Boduthakurufaanu Magu Project to Resolve Chronic Malé Parking Shortages

President Dr Mohamed Muizzu has stated that the completion of the Boduthakurufaanu Magu development project will provide a definitive solution to the chronic parking crisis affecting the greater Malé region. Speaking on the PSM News podcast ‘Nation Chat,’ the President identified parking shortages, poor road quality, and frequent flooding as the three most burdensome challenges facing residents of the capital. The initiative focuses on reclaiming land along the northern perimeter of Malé to construct a modern, two-way asphalt road. The current phase of development covers segments two through five, spanning the coastline from the Izzuddin Jetty to the Henveiru Ferry Terminal. According to President Muizzu, the completion of these specific sections will represent a significant portion of the overall link road, with subsequent phases to follow immediately. Central to the project's goal of easing urban congestion is the introduction of a dedicated parking zone. This facility is designed to accommodate 500 motorcycles, a move expected to provide immediate relief for motorists and residents frequenting the area and reducing the pressure on Malé's inner streets. While the administration is prioritizing the development of dedicated parking infrastructure, President Muizzu disclosed that the physical commencement of some facilities has been delayed due to challenges in securing foreign loans. To circumvent this, the government is currently exploring ways to finance these solutions directly through the state budget. Additionally, the administration has already commissioned several private entities to develop parking facilities in designated areas of Hulhumalé to supplement the city's capacity. The modernization of the outer road into a spacious corridor is viewed as a critical step in transforming the capital's logistics, shifting traffic flow away from the congested center and improving the daily commute for thousands of residents.