PM says 50,000 housing units will be constructed in Colombo city for middle income earners

Minister Ranil Wickremesinghe said that 50,000 housing units would be constructed soon for Colombo city dwellers and a sum of Rs. 75 million had been set aside for the purpose.

The houses will be made available on easy loan terms to middle income earners, the Premier said.

The Prime Minister disclosed this at a public rally held in Wellawatte yesterday in support of Colombo United National Party (UNP) mayoral candidate Rosy Senanayake.

The Premier further said that he had come to know all details regarding the beautification of the Colombo City and after three years the country was continuing to pay for those expenses, busting the Treasury.

“In Colombo North, Colombo Central and Borella, the biggest problem is drug addiction. Action is now being taken to eradicate this menace,” he said.

“Measures have been taken to construct 50,000 houses at a cost of Rs. 75 million for middle income earners. The National Savings Bank will have a scheme to lend the amount at no rate for three to five years,” he said.