Background of the Coorporation

"The Ethiopian Construction Works Corporation (ECWC) is a public enterprise established on 18 Dec. 2015 based on Council of Ministers Regulation No. 366/2015 with an authorized capital of Birr 20,313,608,143.90. Out of which Birr 15,598,806,251.43 paid up in cash and in-kind. Council of Ministers Regulation No. 390/2016 has amended the establishment of the corporation, on 28 Sep. 2016 "

"The corporation is a result of the amalgamation of three formerly independent public enterprises, namely the Ethiopian Road Construction Corporation, the Ethiopian Water Works Construction Enterprise, and the Ethiopian Prefabricated Building Parts Production Enterprise. While the establishment of the corporation is a recent phenomenon, 18 Dec. 2015, the history of the above-mentioned three former enterprises traced back to the late 1940s and early 1950s."