Construction of 40/60 condos well in progress

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Addis Ababa, 2 August 2014 (WIC) - The construction of over 13,000 houses under the 40/60 schemes is well in progress, according to City Government of Addis Ababa Saving Houses Development Enterprise.

The construction of houses is underway in areas commonly known as Senga Tera, Crown Hotel, Askeo, Ehel Nigd, Hintsa Akrabi, Meri Loke, Bole Bulebula and Bole Hayat According to a statement the enterprise sent to WIC today.

Some 103 G1-G3 contractors are taking part at the construction activities, it said.

The statement added the enterprise has created 9,508 jobs and close to 58 million birr worth market linkages for 283 micros and small enterprises.

City Government of Addis Ababa Saving Houses Development Enterprise has spent over 2 billion birr for the housing projects carried out in the just concluded Ethiopian budget year, it said.