Rs.10,512 million owed to construction contractors paid – Minister

The Urban Development and Housing Ministry has already paid Rs.10,512 million out of Rs. 12,502 million owed to construction contractors,” Minister Prasanna Ranatunga told Parliament on Wednesday (29). Accordingly, the remaining amount of Rs.1,989.75 million will be paid by December 31.

There was a delay in payment of contractors engaged in construction due to Covid and economic crisis.

At the same time, we have submitted a proposal to the Finance Ministry for the establishment of a separate development bank for the construction industry and we expect to establish it within this year. This is an important issue for the entire construction industry.

Considering the dollar crisis in the country, we started selling houses for migrant Sri Lankan workers. By now, we have earned more than US $ 600,000 by selling houses for dollars. A total of 13 houses have been sold under this programme.

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