Ethiopia: 250,000 condos to be built in 20/80 housing scheme
The Addis Ababa Housing Development Project Office announced that the city administration plans to build 250,000 condominium houses in the 20/80 housing scheme during the Second Growth and Transformation Plan period. It planned to build about 40,000 housing units each year in the GTP.
The housing scheme has not only been providing affordable houses, but also creating millions of permanent and casual jobs which contributed to the national economy.
Office Director General Haregot Alemu told the Ethiopian Herald Thursday that though it was planned to transfer 170,000 housing units to beneficiaries in the last GTP period, 39,000 housing units could not be transferred as work on infrastructural facilities has not been completed.
Currently, their construction has reached 92% and are expected to be handed over to beneficiaries this year, he added.
He also said that including those 50,000 housing units, whose construction started last year, the administration is carrying out the construction of 40,000 condos this year.