Over 1,200 houses under 40/60 scheme to be transferred to beneficiaries

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Addis Ababa, 16 May 2014 (WIC) - Some 1,292 houses being built under the 40/60 housing scheme will be transferred to residents next budget year, Addis Ababa City Administration Saving Houses Development Enterprise said.

Enterprise General Manager, Kinde Bezuneh, told journalists here yesterday that the houses are being constructed at Senga Tera and Crown Hotel areas.

“The structural works of the houses will be finalized next month and they will be handed over to beneficiaries next year,” he said.

Kinde added that the construction of 11, 687 houses has also been launched on over 76.7 hectares of land this budget year.

According to him, the construction of 13,881 houses under the 40/60 housing scheme in underway in various parts of the country and the government has spent 1.25 billion birr during the past nine months alone.

According to Kinde, 110 grade-one contractors and 11 consultants are taking part in the construction of the houses.

Kinde further said that preparations are underway to commence the construction of over 15, 000 houses under the 40/60 housing program next budget year.

According to Kinde, some 164, 779 people were registered under the 40/60 housing scheme and they have so far saved 2 .5 billion birr