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.

The Roads Authority of Oromia Regional State, Ethiopia has begun to hand over 366 Sino trucks with the required spare parts worth an estimated 367.7 million birr to contractors leasing the vehicles for the Universal Road Access Program.

The Roads Authority placed the order for the trucks from CGCOC Hansom Bejing Trading Co. Ltd three months ago. The order was placed with the aim of helping contractors in need of heavy duty vehicles to move materials through hilly and stony terrain explained Chala Hordofa, General Manager of the ORA.

The contractors are expected to pay for the cost of the trucks over four years at which time the authority will transfer full ownership of the trucks to the private operators.

The official representatives of the Coca Cola Company in Ethiopia the East African Bottling Company has received land from the Bahir Dar city government to construct its plant in Ethiopia. The project is expected to cost a total of 800 million Ethiopian birr.

It is expected that construction work on the plant at Bahir Dar will begin early next year and is to be completed in a year. The site for the new plant was selected after a survey conducted by a team from South Africa which studied the availability of drainage. Links to the road network in the area and access to water supplies according to sources.

East African Bottling has signed an agreement for the construction of the plant with Elmo-Olindo a construction company previously engaged for rehabilitation and expansion efforts undertaken by the Coca Cola producer.

The Kassem Dam project is near to completion according to the Water Works Design and Supervision Enterprise. The project launched at a total cost of 2.5 billion birr is expected to finalize in November.

Eight-five percent of the construction project has already been finalized with the last stage of the project began seven years underway according to Ashnafi Yelekal, Engineer Manager with the Kessem Dam and Irrigation Project.

The dam which is expected to have the potential to retain more than 500 million cubic meters of water that can cultivate more than 20 thousand hectares of land can currently cultivate 1500 hectares of land said Ashnafi.

The Dam construction project is being undertaken by the Water Works Construction Enterprise. The dam is expected to be the biggest dam to be constructed by the enterprise. The project has created job opportunities for the local community.

Source: ENA

The Ethiopian Airport Enterprise is prepared to present the proposal for the construction of the new international airport to the government next week according to sources.

The new airport expected to alleviate the pressure on the busy Bole International Airport is to be constructed between Modjo and Meki.

The enterprise has conducted a study on the construction of the new airport for the past two years according to sources. The expansion work on the Bole International Airport drafted in the 90s was expected to accommodate the growth in air traffic until 2017. The airport, however reached maximum capacity in 2010 necessitating the construction of a new international airport.

A construction exhibition opened in Addis Ababa yesterday with record levels of participation. Forty five domestic and international companies are participating in the exhibition. Most of the companies represented at the exhibition are from Turkey while nine are domestic and the rest are from Europe and Asia.

The construction exhibition has more nine more exhibitors than last year, including three more local firms according to the organizers of the four day event.

Turkish companies are dominating the Expo due to tax incentives offered by the Turkish government to promote the quality and competitiveness of Turkish goods and services according to Mert Gul, Event Director for Turkish International Fair Organizer, Expotim.

MIDROC Ethiopia signed 600 million US dollar turnkey project Italian steel mill contractors Daniele SpA, for the construction of its plant in the Amhara regional State

Toussa Steel mill is expected to be the largest steel mill in Ethiopia with an estimated annual production capacity of 1.3 million tons.

Toussa was licensed with the Ethiopian Investment Agency in July of last year and plans on producing reinforcement bars, billets and hollow sections amongst other steel products. The factory will go on to produce steel railway tracks in its second phase.

ICM Airport Techniques was awarded the turnkey project to construct a cargo warehouse for Ethiopian Airlines. The warehouse to be constructed is intended to be able to hold 1.2 million tons of cargo every year.

The German Company which specializes in airport equipment and Ethiopian Airlines are in the last stages of financial negotiations according to sources.

The new warehouse will increase the airlines capacity for shortage enabling it to give better quality cargo services according to Tewolde Gebremariam Chief Executive officer of Ethiopian Airlines.

 ICM Airport Techniques was awarded the turnkey project to construct a cargo warehouse for Ethiopian Airlines. The warehouse to be constructed is intended to be able to hold 1.2 million tons of cargo every year.

The German Company which specializes in airport equipment and Ethiopian Airlines are in the last stages of financial negotiations according to sources.

The new warehouse will increase the airlines capacity for shortage enabling it to give better quality cargo services according to Tewolde Gebremariam Chief Executive officer of Ethiopian Airlines.

The 9th International Construction Exhibition was launched in Addis Ababa under the theme of ‘Construction: Password to Renaissance.’

More than 110 participants are taking part in the exhibition out of which number eleven are international participants.

The contribution of the construction sector to the economy has been growing due to the proper attention given by the government said Hailemeskel Tefera, Minister for Urban Development and Construction.

The sector has grown by 25% in the last years as compared to growth in the year previous to that he said.