The Ethiopian government will construct a new national palace with ETB 49 billion, the 2nd biggest public project after the Grand Ethiopian Renaissance Dam with ETB 130 billion. The Palace is on a 503-hectare land in Yeka Sub-city. The construction is carried out across five woredas and is part of the government’s ten-year perspective plan.
The Ethiopian Road Administration (ERA) began construction on the 20km road, in which 9 km is completed, estimated to cost ETB 15 billion. In addition, it consists of halls, artificial lakes, housing units, 20km road infrastructures, and converting the Menelik Palace and Grand Jubilee into a national museum with ETB 1 billion.
In the past three years, Ethiopia launched multiple mega projects, such as the Unity Park Project and Meskel Square Project, worth ETB 5 billion and ETB 2.5 billion. Another active project is the Addis Ababa riverside project worth ETB 29 billion. It consists of an underground parking with a 60m tunnel connecting it to Unity Park and the Museum.
