2merkato

The city administration of Addis Ababa, Ethiopia proposed a 16 billion birr preliminary budget for the next financial year. The budget gives priority to water and sewerage services which make up 13% of the financial plan.

The preliminary budget prepared by the Finance and Economic Development Bureau of the city will be tabled before the Addis Ababa cabinet which is chaired by Kuma Demkssa Mayor of the city.

The proposed budget is 4.2 billion birr more than that for the current fiscal year.

The city administration of Addis Ababa, Ethiopia announced plans to build 90,000 condominium houses over the next three years as part of its plans for development.

The project is expected to benefit an estimated 450,000 residents of Addis Ababa according to Kassa Wolde-Senbet, Head of the Communication Affairs Office with the City administration.

The housing development project has been able to build more than 97,000 condominium houses at more than 100 locations with 71,000 condos transferred to homeowners  up to last Ethiopian year noted Kassa.

Kuma Demkesa, Mayor of Ethiopia’s capital city Addis Ababa, laid the foundation stone for the construction of 42,000 new condominium housing. The city administration plans to construct condominium house at 16 sites around the capital.

The successful construction of new condominium housing is a priority for the city administration said Kuma.

The city administration of Addis Ababa is going ahead with plans to build new water dams to meet the increasing water demands of the Ethiopian capital. The dams are expected to cost an estimated 8 billion birr.

The water reservoirs are expected to incorporate water treatment plants and supply 688,500 cubic meters of water a day increasing the water supply to Addis Ababa substantially.

Addis Ababa is to get new technology that will improve the efficiency of the traffic system so as to alleviate problems related to traffic congestion.

The Addis Ababa City Roads Authority is in the process of finding vendors for traffic lights to be installed at fourteen junctions across the city. The authority announced the tender for interested suppliers 2 months ago at which time ten companies purchased bid documents. Two potential vendors submitted offers to the authority according to an anonymous source.

The authority has budget of 30 million birr to install the traffic light system according to Engineer Elisabeth Tesfaye who is a member of the committee evaluating the proposals.