Road construction projects are subjected to substantial risks. This study highlights the risksrnassociated with road construction projects from Client represented by Ethiopian Road Authorityrn(ERA) and local contractorsâ€Ÿ perspective. One hundred nineteen risks are identified throughrndetail literature review. A questionnaire is then developed to solicit the opinion of constructionrnprofessionals (ERA experts and local contractors) as to the probability and impact of those risks,rnin addition to their proper allocation. Eighteen surveys were completed and used in the analysis.rnThe analysis is carried out using fuzzy interval arithmetic and Î±-cut method to address bothrnobjective and subjective opinions considered in the ranking of risks, using linguistic terms,rnhorizontal membership function estimation and triangular best fit approximation. The priority ofrneach risk is calculated by multiplying the probability with the impact for each risk. rnThe results indicate that the top five significant risks from local contractorsâ€Ÿ perspective arerncurrency exchange risks/Lack of currency, corruption and lack of respect for law, change inrnscope of work, shortage of equipment at site, equipment frequently out of order or damaged,rnwhereas, shortage of equipment at site, theft on site, accident and injuries, lack of personalrntraining and management support, equipment frequently out of order or damaged are the toprnmost significance risk among client. Furthermore, local contractors and the client are not in thernsame level of agreement on the risk ranking. rnThe top risks discussed clearly indicate where the stakeholders should put much effort in andrnallocate proper contingencies. Nevertheless, risk management plan is an ongoing effort thatrncannot stop after a risk assessment or the setting of contingency, it must comprise a decisionrnsupport system for proper risk mitigation strategy and management plan that should bernincorporated in the project execution plan.