Getachew Mekonnen, an economic expert at Bahir Dar University said, “After a recent meeting between Abiy Ahmed’s government, the U.S. A devastating drought has also affected considerably large parts of Ethiopia. Although the Ministry of Planning and Development is expecting a 6.6 percent economic growth for the current fiscal year, the war has ravaged the economy and many communities. The reason for the disagreement lies in the fact that Ethiopia is not in the best shape in its finances. respectively, are among the infrastructure projects that have been completed and opened to the public since last year.Īs a result of an online poll undertaken by Addis Zeybe, nearly 80 percent of respondents do not agree with the idea of the construction of the new palace. The Unity Park Project and the Mesqel Square Project, which have cost five billion and 2.5 billion Br. The last three years saw the launch of over a dozen mega projects initiated by Prime Minister Abiy Ahmed. Addis Zeybe has visited the road construction to verify this claim. The source added that 9km of the road had already been built. This alone is estimated to cost 15 billion Br., the source said. The Ethiopian Roads Administration (ERA) has already started to construct a 20 km long road in the area. However, an anonymous source close to the project told Addis Zeybe that residents will be given other residential houses in other parts of the city. It was reported that the palace will have three different types of halls, as well having three artificial lakes, housing units, and road infrastructure.Īddis Zeybe has learned that this construction is being completed under a project named “ Chaka Project”, which is part of the government’s 10-year prospective plan to improve the city’s infrastructure.Īccording to the report the project will lead to the evacuation of thousands of people. The new palace said to cover five local ‘woredas’, is situated on a sprawling 503 hectares of land at Yeka Hill, in Yeka Sub-city.

According to the initial article, the project will become the second-biggest public project after the Grand Ethiopian Renaissance Dam, which has cost over 130 billion Br. When completed, the palace will become Prime Minister Abiy's most expensive mega project to date.

The Prime Minister’s Office is finalizing preparations to construct a new national palace at a cost of 49 billion Br., according to a recent report.

Unity park addis ababa