{"id":86988,"date":"2019-04-05T14:40:37","date_gmt":"2019-04-05T21:40:37","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=86988"},"modified":"2019-04-05T14:40:37","modified_gmt":"2019-04-05T21:40:37","slug":"us280-million-funding-for-sri-lanka","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2019\/04\/05\/us280-million-funding-for-sri-lanka\/","title":{"rendered":"US$280 million funding for Sri Lanka"},"content":{"rendered":"

Andy Brown Courtesy International Construction<\/a><\/em><\/span><\/h2>\n\n\n
\"Colombo\"\/<\/figure>\n\n\n\n

Colombo is the largest city in Sri Lanka<\/p>\n\n\n\n

The Asian Infrastructure Investment Bank (AIIB) has announced funding of US$280 million for two projects in Sri Lanka.<\/p>\n\n\n\n

The money is for two projects \u2013 US$200 million for improving housing conditions for low-income communities in Colombo by constructing affordable housing and redeveloping land and US$80 million to reduce the risk and damage from landslides.<\/p>\n\n\n\n

Colombo is the largest city in Sri Lanka. The US$200 million project will support the construction of about 5,500 housing units and other related infrastructure.<\/p>\n\n\n\n

Providing affording housing will improve the quality of life for those in need in Colombo,\u201d said AIIB vice president and chief investment officer, D.J. Pandian.<\/p>\n\n\n\n

Smarter urban planning will also enable the city to attract more foreign investment and increase its potential as an economic hub for the country.\u201d<\/p>\n\n\n\n

The investment to reduce landslide risk will support the design and construction of mitigation or protection measures where landslides have already occurred or are at risk of occurring.<\/p>\n\n\n\n

The investment will also support the review and strengthening of the policy and regulatory systems for landslide management at the local and national level.<\/p>\n\n\n\n

The AIIB began operation in 2016 and is located in Beijing, China. The bank invests in sustainable infrastructure projects in Asia.<\/p>\n","protected":false},"excerpt":{"rendered":"

Andy Brown Courtesy International Construction Colombo is the largest city in Sri Lanka The Asian Infrastructure Investment Bank (AIIB) has announced funding of US$280 million for two projects in Sri Lanka. The money is for two projects \u2013 US$200 million for improving housing conditions for low-income communities in Colombo by constructing affordable housing and redeveloping […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-86988","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/86988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=86988"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/86988\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=86988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=86988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=86988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}