ArcelorMittal Construction France was selected for the construction of 65,000 houses to resettle the displaced people in the North and East because it was the most substantially responsive lower evaluated bidder covering all aspects, Prison Reforms, Rehabilitation, and Hindu Religious Affairs Minister D M Swaminathan said in Parliament yesterday.
He was responding to a question raised by Chief Opposition Whip Anura Kumara Dissanayake under Standing Order 23(2).
He said ArcelorMittal Construction France had submitted a comprehensive confirmed financing arrangement with optional package including lower interest, grace period and long term repayment period through the HSBC.
He said ArcelorMittal Construction France is an internationally well-known company with the turnover of 79.3billion USD. He said branches of the company are operating in 60 countries. He said the reason for cost increase from Rs 2.01million per unit to Rs 2.18million was attributed to fluctuation in the USD exchange rate.
He said the two model houses constructed received good responses from the public.
The minister commenting on the renting of a building by the Ministry, said the stipulated procedure had been followed and Cabinet approval was granted for the move.
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