Chinese-Funded Housing Initiative In Sri Lanka For Low Income Families

The Urban Development, Construction and Housing Ministry formalised supplementary agreements for a Chinese-funded housing initiative worth 552 million Yuan (approximately $ 75 million). The project aims to provide 1,888 houses for low-income families and 108 homes dedicated to veteran artists, underscoring a commitment to addressing housing needs across diverse communities.

The move was approved by the Cabinet of Ministers at their meeting held on 4 November, to address the country’s housing needs, specifically targeting low-income families and selected communities, including local artists. 

The housing project will span multiple locations, with projects planned in Peliyagoda, Dematagoda, Moratuwa and Maharagama, while the specialised housing for skilled artists will be constructed in Kottawa. Construction is set to begin this month, with a completion target of three years and the Urban Development Authority (UDA) will oversee the implementation.

The construction of 575 units in Moratuwa and 108 units in Kottawa has been awarded to China Railway 25th Bureau Group Company Ltd., and China Harbour Engineering Company Ltd. (CHEC) will build 586 housing units in Dematagoda and 112 units in Maharagama, while Shanxi Construction Investment Group Co. has been assigned to construct 615 units in Peliyagoda.