the amazing corridor project of Addis

Government anticipates a new corridor development project designed to start from Piassa and snake through Mexico, Pushkin Square, Kera, Gotera and ending at Wollo Sefer; to cost ETB40.34 billion. The government also planned to return more than double of the investment cost within five years.

The project touches five sub-cities crossing through Arada, Lideta, Kirkos, Nifasilk-Lafto, and Bole, with 10.4 kilometer total distance.

Out of the 460 hectare land the project covers, 114 hectare is earmarked as intervention area and developable lands.

By redeveloping and leasing this 114 hectare land, government expects generating ETB99 billion. Half of this expected revenue covers the investment cost. The lease price is calculated based on ETB70,000 per square meter.