Haimen company to undertake China-backed project in Ethiopia
A rendering of the second section of the China-backed riverside green development project in Addis Ababa, capital of Ethiopia [Photo provided to chinadaily.com.cn]
Nantong Sanjian Holding (Group) Co based in Haimen, Nantong, recently won a bid to build the second section of a China-backed riverside green development project in Addis Ababa, capital of Ethiopia.
The project aims to create a beautiful and healthy environment for residents of the city as well as tourists. Construction on the first section started on Oct 1, 2019 and will be completed in mid-2020.
The second section of the project will be located in the center of the city and will cover an area of about 17.85 hectares and a floor area of more than 13,000 square meters. It will include a science and technology museum, theater, children's playground and supporting facilities such as roads and landscaping.
The construction is expected to start in May and take 14 months to complete, costing a total of 378 million yuan ($54.79 million).
It is the second China-backed project the company has undertaken, following the Meles Zenawi Leadership Academy. The contract value set a record among China-backed overseas projects the company builds.