Feb 16 , 2019
The Ethiopian Toll Roads Enterprise, the operator of the nations toll roads, has adjusted fees for the Addis-Adama Expressway, effective March 1, 2019. The adjustment, which was made after four years from the initial fee, has a minimum and maximum increase of five Birr and 10 Br, respectively. For automobiles, the fee for a kilometre was adjusted up by 10 cents to 77 cents. For heavy trucks, the new rate pushed the fee to 105 cents from 92 cents a kilometre. The adjustment aims to pay back loans and manage the rising cost of maintenance material that is imported from abroad and for other miscellaneous expenses of the enterprise, according to the statement from the Enterprise. Addis-Adama Toll Road was opened for traffic in September 2014. It was constructed for 11.2 billion Br, of which 43pc was financed by the government, while the Chinese EX-IM Bank covered the balance. The 84.7Km expressway, which is the first toll road in the country, has generated 131.2 million Br in revenues in the first half of the current fiscal year.
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