City Hires Three Firms For Six Major Projects

Jul 20 , 2019


[ssba-buttons]

Addis Abeba City Administration signed agreements with three international firms for the construction of six projects with a total cost of 10.7 billion Br. Construction of Adwa Centre, renovation of Addis Abeba Municipality Theater Hall, Grand Palace parking lots, a library, Pushkin Square-Gotera interchange road and Bole Medhanialm to British Embassy road are some of the projects covered under these agreements. The firms that signed the agreement include China Jiangsu International Economic & Technical Limited, ALEC Engineering and Geom Luigi Varnero Plc. The Construction of Adwa Centre, which will be built at the centre of Piassa adjacent to Menelik II Square, will be carried out by Jiangsu International Economic & Technical Cooperation Group at the cost of 4.6 billion Br. The construction includes meeting halls, recreational and fitness centres. The 3.8Km Pushkin Square-Gotera interchange road, which has a width of 30m-45m and a 320m tunnel on each side, is another project that will be built for 1.5 billion Br. Varnero, an Italian construction firm, has also signed an agreement to construct a three-storey library in Arat Kilo valued at 1.1 billion Br.


Radar

Ministry Showcases Arada Branch Revenue Gains

Arada District's Land Development & Administration Branch pulled in over 150 million Br in just 70 days, beating its 90-day target. Most of the revenue came from annual lease collections and service fees. The office also billed 126 property owners for roof and fence valuations, already securing 20 million Br of the expected 46 million Br. Officials issued warnings to 15 allottees slow to start construction and recommended land right revocations in 11 cases. Leaders credited a more efficient...


Radar

Ministry Backs Blended Finance for Micro, Small Enterprises

The United Nations Capital Development Fund (UNCDF) is partnering with Ministry of Finance to expand financial access for micro and small enterprises through blended finance and digital tools. Off-balance-sheet facilities are designed to attract private investors and Development Finance Institutions (DFIs) by reducing risk and improving capital flow. Digital platforms, including mobile money and digital IDs, will lower transaction costs and broaden reach. The initiative supports job creation and...


Radar

National Electricity Network Set for Upgrade

Ethiopia Electric Utility (EEU) plans to expand the national electricity grid by 8,689 km in the 2026 fiscal year, Yohannes Tonja, head of Performance Monitoring and Evaluation, said. The rollout includes 86,789 km of medium-voltage lines, 92,572 km of low-voltage lines, and pre-maintenance on transformers. EEU will also rehabilitate 1,218 km of medium-voltage lines, install 1,893 transformers, and upgrade 308.7 km of low-voltage infrastructure. Operational targets include cutting power interrup...