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Ethiopian Construction Works Corporation Collects Birr 3.1 Billion in Revenue

Ethiopian Construction Works Corporation Logo

Ethiopian Construction Works Corporation (ECWC) gained Birr 3.1 billion in revenue in the first six months of the 2022/2023 fiscal year from building, road and bridge, and water resource development projects. It also registered a gross profit of Birr 306.5 million during the same period.

The Corporation is currently undertaking 30 building and 23 road and bridge construction projects and 8 water resource development works which are worth Birr 41.2 billion.

ECWC is a public enterprise which was established in December 2015 with an authorized capital of Birr 20.3 billion after Ethiopian Road Construction Corporation, Ethiopian Water Works Construction Enterprise, and the Ethiopian Prefabricated Building Parts Production Enterprise were merged together.

Source: Ethiopian News Agency

Additional source: Development Aid