2merkato

The Japanese Toyota Tsusho Corporation has expressed interest in the financing and construction of the pipeline extending from Juba to Port Djibouti through Ethiopia.

The Japanese company is interested in undertaking the project expected to be launched in the second quarter of the coming year according to sources in the Japanese Embassy here in Ethiopia.

Toyota is the second company, next to an anonymous US company to express an interest in financing the infrastructural project tentatively expected to cost 3 billion US dollar.

Ultimate Plan Private Limited Company and UK firm Aedas won the bid for an architectural design re-tender for the mega conference hall for the Ethiopian Orthodox Church.

The conference hall, with an expected capacity of 13,000 seats, will be constructed at the Ethiopian Orthodox Church Patriarch’s palace in Arada district. The hall is planned to be powered by solar energy and will host outside facilities such as access roads, footpaths and landscaping.

United Insurance S.C has selected Ethiopian construction company, Zamra Construction PLC for a 140 million birr contract for the structural construction of its new headquarters building in Addis Ababa, Ethiopia. The agreement was signed on Monday, April 1, 2013.

The Building, with 12 storey and three basement floors was designed by Geretta Architects and Engineering , two years ago. United Insurance, which reported a 36.2 million birr profit after taxes, is fully financing the construction project.

United Bank, Ethiopia selected Eskender Woubetu & Partners Consulting Architects, as the winner of the competition to design a headquarter building.It is estimated that the future headquarter building will cost 800 million birr to complete.

The design competition launched five months ago was closed at an event held at the Hilton hotel. The two other finalists were Gereta Consult and K2N architects.  

The bank invited architectural firms to present a design for a 30 storey building with additional four leveled basement for parking on a 3338 meter square plot of land it acquired in the Senga Tera area of Addis Ababa.

The Ethiopian Ministry of Urban Development and Construction revealed the final draft of the urban housing policy and strategy.
The strategy proposes the increase of housing through eight modalities to solve housing shortage in urban areas.

The document was presented to regional and federal officials, members of the House of Representatives, private real estate developers and experts in the sector.

The government will play an important role in developing urban housing as it is to be the sole executor of five of the eight means of increasing available housing according to the housing policy.