The Ethiopian Airports Enterprise (EAE) says it is undertaking upgrading of airport facilities by investing a total cost of some 1.6 billion birr (84 million US dollars at the prevailing exchange rate).
Ethiopia Upgrades Airports Facilities Investing 86 Million US Dollars
Sur Construction Slates Completion of Two Billion Birr Road Projects
Sur Construction Private Limited Company has revealed that it plans to finish and hand over 2.07 billion birr (around 110 million US dollars) worth of road projects this year, which includes the 800 million birr 76 kilo meters asphalt concrete from Dedebit- Adi Remets in Tigray Region of Ethiopia.
Ethiopia’s Gibe III Hydropower Completion Likely to Delay
Completion of Ethiopia’s controversial 1870 Mega Watts Gibe III hydroelectric power project is likely to be postponed by a year because of construction and environmental issues.
Genale Dawa Power Project Progressing, Says Ethiopian Government
Twenty-six percent of the 254 Mega Watts Genale Dawa Hydro Electric Power project which was launched mid-2012, is completed, says an Ethiopian government official.
Addis Ababa City Revenue Increases Three Fold
The Addis Ababa City Administration revealed that during the past five years its revenue collection capacity has increased by more than three folds from 3.1 billion birr in May 2008 (around 170 million US dollars by exchange rate of that time) to 9.7 billion birr by the end of the last fiscal year 2011/12 (around 570 million US dollars by exchange rate of that time).
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