70,000 condominiums built in the Ethiopian capital are going to be hand over in two months time. The announcement was made by the Minister for Urban Development, Housing and Construction, Mekuria Haile.
Ethiopian Investment Commission (EIC) disclosed in the first quarter of the current fiscal year 72 projects, with an aggregate capital of 6.75 billion Birr, entered into implementation phase.
Addis Ababa City Housing Construction Project Office (AAHCPO) disclosed it will finalize the construction of around 73,000 houses by next year.
The Addis Ababa Saving Houses Development Enterprise (AASHDE) is planning to construct 75,000 new condominium units under the 40/60 scheme within five years, The Capital reported.
A road that will be used for transporting products of Omo Kuraz Sugar Factory is going to be constructed at an outlay of 1.66 Billion Birr and it will stretch for 79 Kilometers.
