City Hires Three Firms For Six Major Projects

Jul 20 , 2019


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

Pivots in Business Maze

A set of projects spearheaded as part of ease of doing business reform with a 7.2 million euro finance from the European Union (EU) is set to improve and navigate the lingering concerns in Ethiopia's business landscape. E-governance projects are undertaken by GIZ International Services and Mckinsey & Company in cooperation with five federal agencies, including the Justice, Trade,  Innovation, Revenues ministries and National Bank of Ethiopia (NBE) are part of the wider plan to improve the d...


Radar

Dashen Bank Board Reinstates its Chair

Dashen Bank re-appoints Dula Mekonnen as its Board Chairman, extending his tenure for another three years. The decision was made during a board of directors meeting held at the Sheraton Addis Hotel last week. Dula holds a first degree in electrical engineering from the Adama Science & Technology University and a graduate degree in business management. With a diverse leadership background spanning three decades, Dula has served as a manager at Ethio-Leather Industry Plc and managed Wenji S...


Radar

Digital Fuel Transactions Soar Amid Subsidy Drop

Nationwide digital fuel transactions have exceeded the 155.4 billion Br mark, as the Ethiopian Petroleum & Energy Authority released a half-year report last week. Consistent reductions in fuel subsidies have led to the fuel price stabilisation fund hitting an all-time low of 117.4 billion Br, a decrease of 79.6 billion compared to the previous year. The report highlights the successful monitoring of subsidies across the country's 1,589 fuel stations, benefiting nearly 200,000 transporters...


Back
WhatsApp
Telegram
Email