NHDA signs up with ASPIC Residencies
Ramani Kangaraarachchi
The first ever Public Private Partnership (PPP) Programme of National
Housing Development Authority is to commence at Pallekele, Kandy. An
agreement was signed with ASPIC Residencies to construct 25 housing
units worth Rs. 200 million at the NHDA Head Office, in Colombo
recently.
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Agreement: Chairman of NHDA Mohamed
Rafeek and Directress, ASPIC Residencies Preethi Wickramasinghe
exchanging the copies of the agreement. Picture by Susantha de
Silva. |
Director ASPIC Residencies Preethi Wickramasinghe said these houses
will be constructed in an one acre and thirty three perch land and each
unit gets a 6.5 perch land area. The three bed room house of 1500 sq ft
each provides a roof top garden and a garage which will cost nearly Rs
seven million per unit.
The project is scheduled to be completed within ten months and
clearing of the site is already taking place she said. Loan facilities
through HDFC bank jointly with NSB and NHA will be provided and
customers can pay only Rs. 1000,000 and reserve a housing unit. A model
house will be ready by one and a half months, she said.
This PPP programme is to be implemented with the financial and
technical assistance of the national and international investors to
bring together the experience and resources of the public and private
sector to provide services to the public at the best value of the money
according to Chairman NHDA Mohamed Rafeek.
He said this project will be implemented on a land owned by NHDA and
the developers will provide their finance and technical inputs. Planning
and implementation will be done by the developers in consultation with
the NHDA.
Houses will be marketed to needy people on affordable rates by the
NHDA, he said. Plans are under way to start another nine housing
projects under this concept in different parts of the country using
national and international investors in a large scale.
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