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National News

Oct 13, 2018
7:46PM

India and Sri Lanka sign two MoU for construstion of 1200 houses

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India and Sri Lanka today signed two Memoranda of Understanding (MoU) for construction of 1200 houses through 50 model villages, using Indian grant assistance of 60 crore Srilankan rupees.

The MoUs were signed by Mr. Taranjit Singh Sandhu, High Commissioner of India to Sri Lanka, and Mr. Bernard Vasantha, Secretary to the Ministry of Housing and Construction, in the presence of Sajith Premadasa, Minister of Housing and Construction.

With this, India's collaboration with Srilankan government under Model Villages Housing Program stands at 2400 houses in 100 model villages.

As per the new MoUs, 600 houses each will be constructed in the Southern and Northern Provinces.

The project will target low income landless and homeless beneficiaries. A cash grant of 5 lakh Sri Lankan rupees will be provided to each beneficiary in installments, linked to the stages of construction of the house. Indian financial commitment, under grant, for housing in Sri Lanka currently stands at around  350 million US dollars.
 

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