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The Addis Ababa City Administration said preparation has been finalized to construct 35,000 condos in this fiscal year.
City Construction and Housing Development Bureau head Getachew Haile-Mariam said that the city administration is striving to complete the construction of condos as soon as possible. He said that 340 contractors would take part in the construction.
The condos would be constructed in Yeka Abido site and in Bole area at Arab and Kilinto sites as well as in places reserved for condo construction. He said 70 percent of the houses are for low income people.
Getachew said the city administration has planned to construct 170,000 houses in the coming three years. He also said the houses would be cost effective and in line with the city’s master plan.
(The Ethiopian Herald)