Financial Times

Euro 49 m from Germany for tsunami work
The German government is providing a grant of Euro 49 million (about Rs.5.9 billion) for post Tsunami rehabilitation and reconstruction activities in Sri Lanka, the Finance Ministry said.

The grant is provided by the KfW, the German Reconstruction Bank on behalf of the German Government. The proceeds of the grant will be used for housing, water supply and sanitation and infrastructure related to new settlements.

The funds allocated for the housing sector will be utilized for the reconstruction of damaged houses in Batticaloa and Ampara districts under the owner- constructed housing programme, the statement said.

An agreement for the grant was signed by Dr. P.B. Jayasundera, Secretary, Ministry of Finance and Planning and German Ambassador Juergen Weerth recently.

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