Overview

Chinese Government agrees to provide up to $60 million in grant funding -- via ETCA -- for development of 2,000 low income housing units (Linked to Record ID#95881)

Commitments (Constant USD, 2023)$63,847,583

Commitment Year•2017Country of Activity•Sri LankaDirect Recipient Country of Incorporation•Sri LankaSector•Other Social Infrastructure And ServicesFlow Type•Grant

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: May 16, 2017

Start (actual): May 16, 2017

End (actual): Dec 27, 2018

Geospatial footprint

Map overview

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On May 16, 2017, the Chinese Government and the Government of Sri Lanka signed an Economic and Technical Cooperation Agreement (ETCA) that committed $60 million in grant funding for the development of 2,000 low income housing units. The project involves the construction of 2000 housing units in Divisional Secretariat Divisions of Moratuwa, Thimbirigasyaya and Maharagama. For more detailed location info: Moratuwa:https://www.openstreetmap.org/node/61557398 Peliyagoda: https://www.openstreetmap.org/node/61557398 Thimbirigasyaya: https://www.openstreetmap.org/relation/5392201 and Maharagama: https://www.openstreetmap.org/node/4448823642#map=15/6.8490/79.9241

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

China Ministry of Commerce

Receiving agencies

Government Agencies

Government of Sri Lanka

Implementing agencies

Government Agencies

Government of Sri Lanka

Loan desecription

Chinese Government agrees to provide up to $60 million in grant funding -- via ETCA -- for development of 2,000 low income housing units (Linked to Record ID#95881)

Narrative

Full Description

Project narrative

On May 16, 2017, the Chinese Government and the Government of Sri Lanka signed an Economic and Technical Cooperation Agreement (ETCA), which allocated up to $60 million in grant funding for the development of 2,000 low income housing units (as captured via Umbrella Record ID#69609). Then, on April 9, 2018, a Memorandum of Understanding (MoU) for this project was signed. Sri Lanka's Urban Development Authority (UDA) agreed to allocate lands for the construction of the housing units. Then, in August 2019, Sri Lanka’s Cabinet of Ministers identified the areas where these housing units would be constructed: the Divisional Secretariat Divisions of Moratuwa, Peliagoda, Thimbirigasyaya and Maharagama and land areas in Peliyagoda and Maharagama.

Staff comments

Additional information about the ETCA specifically could not be found.