The Project objective is to improve the housing conditions of low-income communities and increase land use efficiency in Colombo through investments in the construction of affordable housing and the redevelopment of land.
The bank document stated that the direct beneficiaries of HEIP include approximately 16,356 students (5,070 females: 31.0 percent) in the relevant departments at targeted HEIs who will enhance learning from: (a) improved teaching; (b) additional research opportunities; (c) more learning materials; and (d) upgraded facilities. Other beneficiaries include academic staff at targeted HEIs who will benefit from the higher education partnership programs and research funds.
Government of Sri Lanka US$ 80 million
Asian Infrastructure Investment Bank (AIIB)
ProjectTeam Leader/Investment Officer
Tel: +86(10) 8358 0195
Madara Sevwandi De Silva
Director, External Resources Department
Ministry of National Policies and Economic Affairs
Tel: +94 112484717
Director, Housing Urban Development Authority
Ministry of Megapolis and Western Development
Tel: +94 714443972
ACCOUNTABILITY MECHANISM OF AIIB
In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.