Tuesday, February 27, 2024

Tag: Construction

Auction of Akir Construction faces hiccups

The bidding process undermined by Following a freezing order placed on assets belonging to Teklebirhan Ambaye and his family, the auction of Akir Construction Plc...

Public projects to see contract amendment for price escalation adjustment

Federal government offices will soon amend contracts signed with construction companies as a decision to allow price escalation adjustment for public projects awaits approval...

Corporation seeks 1.3 bln birr loan disbursement for two irrigation projects

The Ethiopian Construction Works Corporation is in discussions with the Commercial Bank of Ethiopia (CBE) through the Ministry of Finance to secure 1.3 billion...

Chinese contractor to resume Multi-Story parking lot construction, despite doubling of budget

The cost of the project doubled to one billion Br The building of a five-story modern vehicle parking garage near Shola Market is slated to...

Contractors in hot water as price of construction materials doubles

The price corrugated iron almost doubled in two weeks Contractors are in trouble with the doubling of construction materials that has triggered delays of projects...

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