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You are here: HomeThe Ethiopian HeraldNational NewsEnterprise,stakeholders discuses 40/60 housing project

Enterprise,stakeholders discuses 40/60 housing project

The newly established Addis Ababa City Administration Saving Houses Development Enterprise Friday discussed 40/ 60 housing development schemes with residents and organizations.

Enterprise General Manager Kende Bizuneh said the forum was organized with the objective of creating awareness among residents and stakeholders that directly or indirectly involve in housing development project.

Briefing participants on the ever increasing housing demand and Adminstration`s response to the problem, Deputy Head of Housing Development and Public Building Construction Departement, Atsbeha Gebre-Yohanees said, with the emergence of new industrial zones and towns the demand for housing units has increased.

To deal with these problems the government has implemented different mechanisms. Integrated Housing Development Project, 40/60 housing project, 10/90 and 20/80 are among others, he said.

According to him, as part of its scheme to meet the ever increasing house demand the government is working on the 40/60 saving housing project.

“As the experience of developed nations shows, saving has contributed a lot in their over all economic activities. This is especially true in filling governments financial gaps. Therefore, the housing development project must be attached with saving, and the culture of saving must be encouraged.”

The absence of infrastructure, financial input and the rehabilitation of slum areas are the main challenges in the housing development project, according to Atsbeha. In this regard, the government is doing its level best to fill the gap by providing basic infrastructure and importing scarce constriction materials. As part of this programme, the enterprise has already launched its G + 12 housing project at the Sengatera Site. Preparations are also under way to launch the projrct at the Crown Site.




0 #23 Root 2015-04-25 00:27
why the govt of Ethiopia failed fulfill its promise and plan. They said that they would build 15 thousand 40/60 project houses in 2014/15, and yet they are telling us they are going to finalize 1290 houses in 15. That means we going wait another 15-20 years to get the house if they are going to keep the same pace :-) :sad: while our money is locked in CBE.It fair to promise publicly something which you do not have the capacity ?
-1 #22 meskerem 2015-03-18 12:18
it is great to consider civil servants who are really suffering much from inflation and house rents ,yet paying real tax and contributing great for over all growth and development of the country.
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-1 #15 Mekonnen 2014-12-02 16:45
2. It improves the life of the wider population especially the government employees and the private company employees who currently taste the bitter life.
3. The competition from foreign companies will make the local contractors become strong.
4. It will facilitate learning and technological transfer from the foreign companies to local contractors which will help to ensure the construction of quality residential houses in a shorter time.
5. Finally, this will help us to strengthen the bond/ trust and strategic linkage between the mass population and the government, which in turn help us to have stable political climate which in turn establish a strong base for our development endeavor. Peace originates from within oneself and within the nation, not from abroad or some external force.
+1 #14 Mekonnen 2014-12-02 16:43
This raises the issue of where the money went (speeding up the construction of residential houses by providing chance to foreign companies to improve the life of the large population or protecting the interest of local contractors). I knew this is a very difficult problem to decide.
Providing chance for international companies has a lot of advantages:
1. It speeds up the construction and the fair distribution of would be houses as house supply increases there will be more chance to get houses for citizens.

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