Ethiopia $255 million road project secures fundingChristian Fernsby ▼ | August 16, 2019
A road project in Ethiopia is benefiting from a financing package worth $98 million being provided by the African Development Bank (AfDB).
Africa Ethiopia road
Topics: Ethiopia road
The Ethiopian Government has secured a $151 million co-financing package for the project.
The Djibouti Government has received a package worth $5.3 million to pay for the work.
The project is of importance for landlocked Ethiopia as it will provide a key transport link to Djibouti’s port.
The project will be of major economic importance for both nations, helping to develop trade. ■