Revision brought to the Lease Acquisition Costs published under the Regulation number 125-R/2022 “Cross Subsidy Regulation”
Reference is made to the Ministry’s announcement number (IUL) 88-PS/88/2022/51 dated (2 June 2022).
The basis for calculation of Lease Acquisition Costs for Islands/lagoons/Plots of Land under the Cross-Subsidy Regulation as published along with the aforementioned announcement have now been revised and published in attachment with this announcement.
Furthermore, please note that this is the basis for calculation of the minimum lease acquisition costs for leases in the respective atolls and the final lease acquisition costs will be determined through negotiations between the proponent and the Government subject to adherence to the minimum figure calculated by this basis.
19 September 2022