The Government of China has given its concurrence to finance a grant of Yuan 552 million to the Government of Sri Lanka in order to construct 1,996 housing units.
The grant is provided as assistance for the urban restoration project implemented as per the decision to house the residents of low – facility housing schemes within the Western province in houses in the urban housing schemes with facilities.
The Government of Sri Lanka would be responsible for land development and supply of infrastructure facilities up to the site limit.
Accordingly, the Cabinet of Ministers approved the proposal submitted by the Minister of Urban Development and Housing to sign the agreement to the relevant project implementation with the Government of China.
