📈 People’s Bank Donates Rs. 300 Mn for Cyclone Disaster Recovery

People’s Bank has contributed Rs. 300 million to the Government’s 'Rebuilding Sri Lanka Fund' to facilitate a resettlement project in the Nuwara Eliya District for families displaced by Cyclone Ditwah and subsequent landslides. • Project Overview The donation, marking the bank’s 65th anniversary, will fund a multi-storey housing complex consisting of three blocks and a total of 120 residential units (40 per block). • Infrastructure & Facilities Beyond housing, the project aims to create a sustainable ecosystem featuring: Renewable Energy: Solar-powered outdoor lighting. Essential Services: A health center, day-care center, and a dedicated banking unit. Utilities: Wastewater treatment plant and internal road networks. • Economic Impact & Construction The State Engineering Corporation will lead design and consultancy. Each block is projected for a rapid six-month construction timeline to expedite resettlement. This initiative falls under the bank’s ‘Mahajana Mehewara’ CSR program, emphasizing the role of the banking and finance sector in national post-disaster recovery and infrastructure development. • Context Based on provisional data following Cyclone Ditwah (Nov 2025), the project addresses critical displacement in the hill country, supporting long-term community resilience and urban planning standards.