Addis Ababa Land Administration to Split into Two Agencies
The Land Bank and City Renovation Project Office of the Ethiopian Capital Addis Ababa is to split into independent agencies to implement the new land lease proclamation.
Implementing the proclamation will be the primary task of the Land Bank and Transfer Agency which will be officially formed in three months time.
The new agency will be in charge of handling auctions and arrange plots for development under its land bank system and transfer to investors as well as collecting lease payments and controlling the launch of construction activities according to lease agreements.
Add a comment Add a comment