Thursday, August 23, 2012

More than 700 Condominium House Assigned in capital ,Addis Ababa

Addis Ababa city administration, Ethiopia assigned 7300 condominium houses to lucky beneficiaries through random lot.
The houses to be transferred to owners are located in 8 0f 10 subcites: Addis Ketema, Lideta, Bole, Kirkos, Nifassilk Lafto, Yeka, Akaki-Kality and Kolfe Keranyo.
The government has invested more than 15.4 billion birr in the construction of housing since it first started  the condominium housing program in 2005 according to State Minister for Urban Development Engineer Haile-Meskel Tefera,
7.8 billion birr of the money invested by the government has gone to housing projects in Addis Ababa as proof of the government’s commitment to alleviate housing problems in the capital city said Haile-Meskel.
More than 207 thousand houses have been built by the program with more than 140 thousand constructed in Addis Ababa.
The transparent way that the drawing of lots was handled is expected to lay to rest various rumors about unethical practices in assigning condominiums in the past and the fears raised about Lideta site according to Kuma Demeksa, Mayor of Addis Ababa city.
It is to be remembered that the city administration of Addis Ababa has finalized preparations to construct 35,000 condominium houses in the next financial year. The houses will be constructed at the Yeka Abido, Arab and Kilinto sites all reserved for the construction of condominium housing. The administration expects to build more than 170,000 condominiums in the coming three years he added.
The buildings are intended to be cost effective and in line with the master plan established for the city explained Getachew. More than 340 local contractors are expected to take part in the construction activities.

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