Addis Pays 568 Million Birr In Compensation

The city administration of Addis Ababa, Ethiopia has paid an estimated 586 million in compensation to residents forced to move due to ongoing redevelopment plans in just the past fiscal year said the Ethiopian capital.

470 million birr of the total was paid to citizens whose houses were demolished in the redevelopment with payments ranging from 51,875 birr to 6 million birr.

Four new projects have already been launched on 47 hectares with the former six other projects on 108 hectares in the works it was said.

In related news the city administration of Addis Ababa, Ethiopia is to launch a new low cost housing scheme soon.

The new program is intended to meet the needs for middle income residents who are able to make the 40% down payment on the price of the housing before acquiring the home and the remaining 60% to be paid over a period of time that will be determined by the administration when the project is officially launched according to sources.

The houses under this scheme are planned to be of a higher quality and more spacious then those constructed in the condominium development program.

Registration for the new program will begin soon according to Mekuria Haile, Minister for Urban Development and Construction.

The city administration has set up a specific office to administer this program and most of according to Mekuria Haile, Minister for Urban Development and Construction.

The design of the houses has already been done, and prices have been sent as well as initial screening on potential contractors said Mekuria.

Source: Capital