| Project Detail |
Project Objectives and Expected Results
The objective of the proposed project is to improve housing conditions of low-income communities and
increase land use efficiency in Colombo through investments in the construction of affordable housing and
redevelopment of land, with associated policy and system enhancements.
Proposed results indicators for the objectives would include: (i) number of adequate housing units allocated
to households in the two lowest income quintiles; (ii) number of people resettled into the newly constructed
housing units; (iii) area of land allocated for public and high-value uses; (iv) more than 4,500 below-median
income households whose housing is improved in terms of utility, drainage and durability, and resident
satisfaction; and (v) value of land made available for redevelopment under the project increased by 30 percent
or more.
III. Project Description
The Project will comprise 3 components, as described below.
Component 1: Housing Construction. This component, with an estimated total cost of USD220 million, will
support continuation of the URP Phase-II (starting in 2018), through construction of new housing units, which
are currently under preparation or about to begin such preparation.
Component 2: Land Redevelopment. This component, estimated at USD50 million, will include provision of
planning, marketing, and basic infrastructure to facilitate efficient redevelopment or reuse of the land made
available by moving the residents to the newly constructed housing units.
Component 3: Technical Support and Project Management. This component, estimated at USD10 million,
will support the review of designs and other quality enhancement measures to improve URP implementation,
including a system to improve quality and sustainability of apartment building maintenance, clarification of
transfer procedures, as well as necessary social works and education. As requested by the GoSL, Component
3 will also support the review and improvement of the current public programs and policies for low- and middleincome
housing with a focus on increased sustainability as well as equity. |
