Sri Lankan government launches construction of 3,000 housing units for middle-income families

Sri Lankan government launches construction of 3,000 housing units for middle-income families

The government of Sri Lanka earlier this week commenced the construction of 3,000 housing units for middle-income families in the Orugodawatta in the Colombo District.
According to reports, the project launched recently is the first installment of a 5,000 housing unit project which will be constructed in the Colombo District in the Orugodawaththa, Bloemendhal, Malabe, Makumbura Boralesgamuwa areas and Peliyagoda in the Gampaha District as well as Getambe in the Kandy District.
The 3,000-housing project is estimated to cost Rs. 40 billion and will consist of two house types including 700 square feet houses with two bedrooms and the 900 square feet house with three bedrooms, local news reports stated.
Sri Lanka’s State Minister of Urban Development, Coast Conservation, Waste Disposal and Public Sanitation Dr. Nalaka Godahewa, Secretary to the Ministry of Urban Development and Housing Sirinimal Perera, Urban Development Authority Director General Chartered Urban Architect Prasad Ranaweera were present at the ceremony.

OSL take:

The government of Sri Lanka is committed to meeting its development targets that faced a set back last year due to the global Covid 19 pandemic. Sri Lanka’s economy has been resilient through the years and has rebounded from many external/internal shocks. The country’s key economic sectors have once again resumed after the closures faced during last year’s lockdown due to Covid 19. This has once again opened up many business/investment opportunities in Sri Lanka. Also, Sri Lanka’s geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed by the country have made it a business hub in the South Asian region.

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Article Code : VBS/AT/20210112/Z_1

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