Chinese corporation ink agreement to construct Addis National Stadium with over 2.4 bln birr

Addis Ababa, January 5, 2016 (FBC) – The Ministry of Youth and Sports and the Chinese State Construction Engineering Corporation Ltd (CSCEC) have today signed an agreement for the construction of Addis Ababa National Stadium at a cost of 2.47 billion birr.
The new stadium, to be built on 48.8 hectares of land, will have the capacity to hold 60,000 spectators.

The stadium, which meets the requirement of FIFA and IAAF, will help to host both world cup final and Olympic games.

Design contract for the stadium was awarded for MH Engineering.

Up to 40 per cent of the construction of the stadium will be carried out by local capacity. Its construction will create jobs for more than 2,000 people.

The construction of the stadium will be completed within 900 days.

The stadium, to be built near at the Youth Sport Academy, Bole sub-city, will have parking space for 10,000 cars.

Invited guests, including Redwan Hussien, Minister of Youth and Sports, attended the signing ceremony.