Ethiopia: Addis Abeba to Spend 2.5b Br to Develop River Bank

Addis Abeba will see a greenery project that extends from Basha Wolde Chilot to Orma Garage, close to Sheraton Addis Hotel, at a projected cost of 2.5 billion Br. Financed by the city administration, the project was awarded to Varnero Construction, a local company that has constructed many landmarks in the capital. The project is expected to be finalised in a year.

It will extend along Bantyaketu River, includes refurbishing the riversides, landscaping the area and building recreational centres along the riverbanks.

The inauguration was supposed to be launched by Prime Minister Abiy Ahmed (PhD), but he cancelled due to a busy schedule. It was the city's Deputy Mayor, Takele Umma, who launched such an ambitious project but intended as a pilot scheme that is part of a larger 29 billion Br project initiated by the Prime Minister. The whole project, which is planned to be completed in three years, targets the revitalisation of two rivers running from Entoto to Aqaqi Water Treatment Plant for a total of 51.3Km.

Two months ago, the city administration launched the 50 billion Br La Gare Eagle Hills Project, which is going to be built by the Abu Dhabi-based private real estate company, Eagle Hills, in a joint venture with the city administration. The project plan, resting on 36ha of land, encompasses three hotels, 4,000 apartments, a mall and entertainment centres.

See What Everyone is Watching

More From: Addis Fortune

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.