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| Sunday, 9 February 2003 |
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| News Business Features Editorial
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Housing project for govt. servants The National Housing Development Authority (NHDA) has launched a special housing project for public servants under the guidance of the Ministry of Housing and Plantation Infrastructure. The project is funded through the low interest loan extended to the Government of Sri Lanka by the Economic Development Co-operation Fund (EDCF) of South Korea. The total amount will be Rs. 860 million. The EDCF has pledged to contribute Rs. 556 million while the Government contribution is Rs. 310 million. The EDCF loan will be used to construct houses while the Government component will finance the construction of infrastructure and services facilities. The proposed housing project is located at Jaltara, Homagama. It will have 352 houses for middle income people, in three different sizes. It will also have its own sewerage disposal system, pipe-borne water, road network and three-phase electricity. There will be a recreation centre, children's play areas and shopping facilities. Construction will start within the next few weeks and will be completed in 18 months. |
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