Ethiopia: Metec Requests Additional Budget for Yayu

The state-owned military complex, Metal & Engineering Corporation (MetEC), requested nearly 50pc additional payment for the construction of Yayu Multi-Complex Industries Project.

MetEC, headed by Kinfe Dagnew (Maj. Gen), received the project in 2012 to construct a plant sprawled on 54,000sqm in Illubabor Zone, Oromia Regional State for 11.08 billion Br. But it requested to raise the project cost to 20 billion Br.

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