NHDA second PPP project in Yakkala

The Second project of the Public Private Partnership Programme (PPP) of National Housing Development Authority (NHDA) will be commenced in January at Yakkala Siyane Uyana.

Chairman of NHDA Mohamed Rafeek and Chairman of ADI Holdings Kithsiri Dandeniya signing the agreement.

Under the guidance of Minister of Housing and Common Amenities Ferial Ashraff, PPP programme is planned to implement with the financial and technical assistance of local and foreign investors to bring together experience and resources of the public and private sector to provide service to the public at the best value of the money.

Under this concept this project will be implemented on a land owned by the NHDA and the developers will provide their financial and technical inputs to the project. Planning and implementation of the project will be done by the developers in consultation with the NHDA.

In this concept while assuring the State sector land based investment, the houses will be offered to the needy from affordable rates making uses of the finances of the national and international investors on a large scale.

With the second project of the PPP, 70 houses will be constructed in Yakkala Siyane Uyana housing project at a cost of Rs. 120 million.

The construction work of the project will be done by ADI Holdings and an agreement of this project were signed by the NHDA and ADI Holdings recently at NHDA Head Office, Colombo.

The Chairman of NHDA Mohamed Rafeek signed the agreement on behalf of the NHDA and Chairman of ADI Holdings Kithsiri Dandeniya has signed on behalf of the ADI Holdings.

Deputy General Manager (Housing/Information and Publicity) L. S. Palansuriya, Deputy General Manager (PDM) W. Sarath Kumara and Senior Manager (Legal) S. K. Pushpa Rihini of NHDA also participated.

Dandeniya, said that they will complete this project within 08 months time which will commence the construction work on the early part of January 2009.