Sri Lanka’s Urban Regeneration Project revitalized by the previous regime with the Asian Infrastructure Investment Bank (AIIB) is now being continued under the patronage of the Urban Development Authority, officials said.

The project has been initiated to fulfil housing requirements of people living in colonies with the least facilities in the Colombo city.

Steps are being taken to obtain US$ 200 million from AIIB for this project.

The UDA has identified 68,812 families living in 1,499 community clusters (underserved settlements spread over an area of 900 acres) which do not have a healthy environment for human habitation and access to basic infrastructure facilities such as clean water, electricity, sanitation etc.

Accordingly, UDA aims to construct 70,000 housing units of acceptable standard for relocation of underserved settlements of the city of Colombo and its immediate suburbs.

This is also in accordance with the government's policy to enhance the livelihoods of the underprivileged communities.

The government will be envisaging the relocation of households currently living in slums into new housing schemes with adequate standards and optimization of land use of prime locations for high utility and economic returns.

An eleven storey housing complex situated on Colombage Mawatha, Narahenpita is part of the government’s long-term Urban Regeneration Project.

MAGA is engaged as a design and build contractor to complete construction of the housing complex funded by the Sri Lankan government and the Asian Infrastructure Investment Bank.

Covering a total floor area of 394,062 sqft., the building will have 624 fully equipped housing units.

Leveraging a wealth of experience in the residential sector, MAGA’s design has focused on livability and community aspects such as large courtyards, space for shops, community halls, health centres, a maintenance office, nursery, children’s play area, day-care centre, police command centre, and large parking areas.

Once completed in May 2023, the two-acre Colombage Mawatha housing complex will provide hundreds of families with access to formal land tenure, a decent home, and essential infrastructure and amenities such as safe public spaces, clean water, electricity, and sanitation.

Maga Engineering has been a longstanding partner in the Urban Development Authority’s and the government’s regeneration efforts that improve the lives of low income communities living in urban areas.

Since 2018, MAGA has been involved in constructing 3 large-scale developmental housing projects that provide safe and spacious housing to over 1600 families.