India has announced its plan to expand the housing project in Sri Lanka by constructing an additional 10,000 houses in the country’s plantation regions. The High Commission of India recently finalized agreements for this substantial initiative, signaling the extension of Phase-IV of the Indian Housing Project. These agreements involve two Implementing Agencies, NHDA and SEC, with the goal of promptly commencing the construction of these dwellings.
Eldos Mathew Punnoose, the Counsellor and Head of Development Cooperation Wing, along with officials from the SEC and NHDA, sealed these crucial agreements. The Phase IV initiative spans 11 districts and 6 provinces in Sri Lanka, contributing significantly to India’s commitment to the country’s housing development.
With an ongoing commitment of 60,000 houses, India has demonstrated its dedication to the region’s growth and infrastructure enhancement. Beyond the housing project, India’s robust development cooperation encompasses various sectors, amounting to a substantial investment of USD 5 billion, with a significant portion provided as grants.
Furthermore, Indian High Commissioner Gopal Baglay’s recent journey from Colombo to Medawachiya via train emphasized India’s commitment to improving Sri Lanka’s rail infrastructure. The spacious railway coaches provided through the Indian Line of Credit by RITESLIMITED and track upgradation by IRCON International Limited underscore India’s commitment to enhancing Sri Lanka’s transportation and connectivity.
India’s multifaceted cooperation with Sri Lanka spans numerous developmental facets, including housing, rail infrastructure, and broader economic growth, showcasing a strong bilateral partnership focused on mutual progress and prosperity.