Media Minister Keheliya Rambukwalle addressing yesterday’s cabinet press briefing in Colombo said that the cabinet of ministers on a proposal by the Defence Ministr
y had approved the issue of the debentures by the UDA.Acccording to a survey conducted, 66,000 low income families were occupying valuable land in Colombo and its environs in a very "haphazard" manner, he said.
Rambukwalle said that the Urban Development Authority has formulated a project proposal to develop valuable lands in Colombo in stages and it has become necessary to relocate unauthorized settlements.
The project, once fully implemented, would especially benefit low income families, he claimed.
Rambukwalle said that the Cabinet also approved another Memorandum by President Mahinda Rajapaksa in his capacity as Highways Minister, to construct a Highway Secretariat at Denzil Kobbekaduwa Mawatha, Battaramulla, with Asian Development Bank assistance.
The entire cost of the project will be Rs. 132 million, he said.
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