ADDIS ABABA – The general construction works of a 257-million USD Kilinto Pharmaceutical Industrial Park will enter the final stages this January, it was learnt.
Park’s Project Manager Eng. Yegetahun Agegneyhu told The Ethiopian Herald that the essential infrastructure of the park such as water treatment plant, sub-station, roads, police station, health center and the like have taken shape.
He also added that a 20-kilometer asphalt road has been constructed. For his part, Industrial Parks Development Corporation Communication Head Derbe Debele said four foreign investors have already inked agreements on pharmaceuticals production and taken plots of land inside the park.
The investors will soon start the construction of manufacturing sheds, according to him.
When entering the operation phase, the Park would create 40,000 jobs while trimming pharmaceutical imports by nearly 93 percent.
Kilinto Industrial Park contains 279 hectares of land, 166 hectares of which will be dedicated to manufacturing, according to information obtained from Ethiopian Investment Commission website.
It also states that “the land lease rate in Kilinto Industrial Park is an average 3.59 USD per m2 per annum, which is based on a cost recovery (not-for-profit) approach”.
“The duration of land leases will be 40 years. In addition to the land development cost, firms investing in Kilinto are expected to pay an additional ETB 1 (or the equivalent in USD) per m2 per annum for the duration of lease period. And any pharmaceutical product can be manufactured in Kilinto Industrial Park, including active pharmaceutical ingredients (APIs), excipients, final medicines and formulations, medical supplies, and pharmaceutical packaging”.
The Ethiopian Herald January 10/2020
BY MISGANAW ASNAKE
