Addis Ababa City Housing Development Project disclosed out of the entire 94,000 20/80 condominium houses under construction, 52,650 will finalized by the end of the current fiscal year.
According to the Project office, the city administration is taking all the necessary follow ups for the condominium houses will be fully constructed by the time frame set.
More than 50,000 of this condominium houses were being built at Koye Feche site, which had now reached 77 percent completion rate, Haregot Alemu, general manager of the project’s office, explained. Construction of the remaining 41,000 houses at Bole Arabsa, Gulele, Kolfe and Nifas Silk sites had reached 41 percent, he added.
The Addis Ababa City Administration has allocated 10 billion Birr for the finalization of condominium houses being constructed under the 20/80 housing scheme.