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Ministry of Economic Development says it will continue housing projects in the North and East.

Dec 19, 2010 10:09:20 AM - itnnews.lk

The Ministry of Economic Development has stressed that it has no intention to stop or curtail any ongoing or new housing projects.

The Ministry of Economic Development in a release has denied the headline news in today’s Sunday Times newspaper as incorrect and misleading. The news item said that construction of all new buildings in the north and East under donor funded loan or grant projects coming under the Ministry are being stopped. The release says that this gives an entirely different message to international lending organizations such as World Bank, ADB and JICA as well as the conflict affected people in the north and east. The circular issued by the Ministry has not made any reference to houses. It said that this does not apply to the ongoing 50,000 housing project carried out with World Bank aid and proposed Housing project with  Indian government’s aid which includes construction of 5000 new houses and repair of 45,000 houses. It has further stressed that most of the rehabilitation and construction projects in the North and East are being implemented utilizing loan facilities made available to the government by lending organizations. The release said that those are not donations and therefore required to pay back with interest. It further said that the Sri Lankan government has to ensure that this money is used more effectively for the benefit of conflict affected population of Sri Lanka.