Contract agreement signed to build industrial park in Adama

A contract agreement for the construction of an industrial park in Adama with an outlay of 125 million USD concluded.

The agreement for the construction of the first phase of the Adama Industrial Park was signed yesterday between the Industry Parks Development Corporation (IPDC) and Chinese Civil Engineering Construction Corporation (CCECC), the company that builds the Hawassa industrial park.
The park, to be separated into two zones for manufacturing, will be erected on 100 hectares land, will be launched next week.
As per the agreement, construction of the shades and infrastructure will be finalized within the coming six months and nine months respectively.
Upon completion of the construction of the park within nine months, the shades will be transferred immediately to eligible companies, said Sisay Gemechu CEO of IPDC.
CCECC General Manager Allen Lee said the construction of the Adama industrial park will be carried out with high quality and standard, learning from the best practices during the construction of the Hawassa Industrial Park.