2merkato

 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.

The Ethiopian Roads Authority revealed plans to construct and repair 2216 kilometers of roads this financial year. The road construction and repair program is expected to cost an estimated 8 billion birr.

More than 1022 kilometers of the total road program will consist of new road construction according to Samson Wondimu Communications Director for the Roads Authority.

The road projects are intended to foster closer market links across the country as well as reducing the cost of transport and the time required for farmers to transport their produce to markets he said.

The current program is also designed to take into account the needs of emerging states to ensure equitable development across the nation explain Samson.

The sister financial institutions, Nib International Bank and Nib Insurance are launching a soil test to determine a construction site for their joint headquarter buildings.

The buildings are to be constructed on a 3000 m2 plot of land leased near the National Theater in Addis Ababa. The building will be 33 storey high with four sub-terrain floors according to the design approved said Tafesse Bogale, Chairman of the board of directors of the bank.

The design for the building was executed by Haile Gabriel Consult Architects and Engineers selected by the Nib management after a design competition. Nib management and the consultants have declined to disclose the development of the project.

Aviation Industry Corporation of china is expected to launch expansion construction on the maintenance hangar at Addis Ababa Bole International Airport at an estimated cost of more than 95 million US dollars.

The design for the expansion has been completed and the project is at the soil testing stage at present.

The maintenance hangar will serve to  service a range of aircraft from the Ethiopian Airlines fleet including  the Dreamliners aircraft, 777 airplanes and 747’s according to Tewolde Gebremariam Chief Executive of the Airline.

The city administration of Addis Ababa, Ethiopia assigned 7300 condominium houses to lucky beneficiaries through random lot this weekend.

The houses to be transferred to owners are located in Addis Ketema, Lideta, Bole, Kirkos, Nifassilk Lafto, Yeka, Akaki-Kality and Kolfe Keranyo sub-cities.

The government has invested more than 15.4 billion birr in the construction of housing since it first launched the condominium housing program in 2005 according to Engineer Haile-Meskel Tefera, State Minister for Urban Development, speaking on the occasion.

The irrigation dam being on the Omo River, Ethiopia for the six sugar factories being built in the region is progressing six months into construction.

The construction of a 840 meter long 26 meter high temporary structure to store the water has been fully completed with the water extending to a depth of 24 meters.

The permanent structure of the dam will be jointly constructed by the Ethiopian Water Works Construction Enterprise and a Chinese contractor beginning in this fiscal year said Moges Kifle, river diversion project manager.

Danieli SpA, Italian steel mill engineers, was awarded the half billion US dollar turnkey project to construct Toussa Steel Mill.

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.

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.

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.