Sri Lanka: North East Housing Reconstruction - Additional Financing

June 5, 2008

IDA Credit: US$43Million
TERMS: Maturity = 20 Years; Grace Period = 10 Years
PROJECT DESCRIPTION: The additional financing aims to  finance the reconstruction of 13,117 houses in the North and East. It would increase the number of poor conflict-affected families with improved and affordable housing units. It would entail a housing support cash grant paid in installments to help reconstruct homes. In addition, the technical assistance provided under the program would help meet the long term housing needs in the North and East through improved construction standards, enhanced community involvement in housing construction and streamlined mechanisms to resolve property disputes.

Media Contacts
Erik Nora
Tel : (202) 458-4735