Chinese Government to Sign Agreement for 1,996 Housing Units Benefitting Low-Income Earners and Artists
In a significant development, an agreement concerning the allocation of 1,996 housing units, constructed with assistance from the Chinese government, for low-income earners, creative artists, and journalists is set to be officially signed next month.
The signing of these crucial agreements is scheduled to take place during the upcoming “Belt and Road Initiative” (BRI) summit, scheduled for October in Beijing, China. The initiative underscores the ongoing collaboration and strategic partnership between the two nations.
Prasanna Ranatunga, the Urban Development and Housing Minister and Chief Government Whip, shared that among these housing units, 108 will be specifically designated for artists and journalists, located in the Kottawa Palathuru Watte area. The remaining 1,888 housing units will be dedicated to addressing the housing needs of low-income individuals and families.
Remarkably, the Chinese Government has extended substantial financial support amounting to Yuan 552 million for this project, a partnership solidified when the Government of Sri Lanka formally signed the relevant exchange letter on January 9 of the preceding year.
Minister Ranatunga emphasized that this initiative is poised to provide a practical solution for residents facing challenges due to limited housing facilities, marking a significant step towards improving the living conditions of these communities.