The Hon. Anura Karunathilaka - Minister of Urban Development, Construction and Housing
Minister Anura Karunathilaka stated that 106 Grama Niladhari Divisions were covered under the project, with work completed in 97 and 9 remaining. He said Phase 2 financing from Korea’s Economic Development Cooperation Fund was not finalized due to Sri Lanka’s economic crisis, but discussions with Korea Eximbank have secured preliminary concurrence for an estimated USD 27 million to complete the remaining work once a final agreement is concluded.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Mr. Speaker, the answer is as follows:
¶ 02 (a) (i) 106 GNDs are covered. Details by Divisional Secretariat Divisions and GNDs are provided in Annex 01. (ii) Work completed: 97 GNDs. Details are in Annex 02. GNDs not covered/remaining: 9. Details are in Annex 03. (iii) Funding for Phase 2 was to be provided by the Economic Development Cooperation Fund (EDCF) of the Government of Korea. Due to the recent economic crisis, funds were not received, and the loan agreement could not be signed; therefore, financing could not be arranged. (iv) We have held discussions with Korea Eximbank. An estimated USD 27 million is required to complete the project. Korea Eximbank has given preliminary concurrence to provide this amount. Upon concluding the final agreement, we will utilize the funds and complete the works.
¶ 03 (b) Not applicable.
Provenance
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- Hansard, Tuesday, 8 July 2025 ·No. 1752482630017444 ·English daily/uncorrected Hansard
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Cite as: The Hon. Anura Karunathilaka - Minister of Urban Development, Construction and Housing. 10th Parliament, Parliament of Sri Lanka. Hansard, 8 July 2025. No. 1752482630017444. Politick, https://staging.politick.io/lk/speeches/10848