Administration to build 50,000 condos

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Addis Ababa, 20 February 2014 (WIC) – A cornerstone was laid yesterday for 50,000 condominium houses to be built under the 20/80 housing program at Koye-Feche site, Akaki kaliti sub city.

Mayor of Addis Ababa City Administration, Diriba Kuma, laid the cornerstone for the condos to be built on 732 hectares of land, next to Tirunesh Beijing Hospital.

The administration has allocated 5.35 billion birr for the construction of the houses which is expected to create job opportunities for 45,000 unemployed compatriots.

The houses will benefit more than 200, 000 households when completed in 2008 E.C.