Agreement signed for Construction of Bahir-Dar Industrial Park with $60mln

 

The Ethiopian Industrial Parks Development Corporation and the China Civil Engineering Construction Corporation Ltd (CCECC) signed an agreement for the construction of Bahir-Dar industrial park in Amhara regional state at a cost of 60 million US dollars.

According to the agreement, 8 factory sheds will be built within the industrial park that will rest on 75 hectares of land. The construction of the park, including related infrastructures, will be finalized within nine months.

Mr.Sisay Gemechu, Chief Executive Officer with the rank of State Minister of Ethiopian Industrial Parks Development Corporation, said the park will be build based on the goals and strategies stipulated nationally.

Director General of CCECC for Ethiopia, Mr. Allen Lee, for his part said his company will finalize the construction of the park as per schedule.

Up on completion, the Bahir-Dar industrial park will create employment opportunities for more than 20,000 people, it was noted.

Source: IPDC and FBC, June/2017

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