Photo Gallery | 96792 Views | May 06,2019
Jun 10 , 2020
Directors of the African Development Bank (AfDB) have approved 1.2 million dollars in grant to pay for the feasibility studies for a 1,512Km railway line that is planned to connect Ethiopia with Sudan.
Directors of the African Development Bank (AfDB) have approved 1.2 million dollars in grant to pay for the feasibility studies for a 1,512Km railway line that is planned to connect Ethiopia with Sudan.
The rail line is planned to start from Addis Abeba and pass through Weldia, Wereta, Gonder and Metema, covering 594Km in Ethiopia's territory. Across the Sudan, it spans 918Km, connecting Metema with the Port of Sudan running through Galabat-Gadarif-Kassala and Haiya towns.
The feasibility study, estimated to cost of 3.4 million dollars, will take 24 months with technical, economic, environmental and social viability, as well as alternative financing arrangements, including a public-private partnership (PPP). The African Development Fund (ADF), the concessional-rate lending arm, has agreed to cover 35pc of the cost for the study, whereas the remaining financing will be provisioned by the NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF) in the form of a two-million-dollar grant, and each country will pitch in 100,000 dollars, according to a statement issued by AfDB.
Ethiopia has been ferrying two percent of its cargo through the Port of Sudan. The project, which was approved in January, is also expected to take up to four and a half years for completion.
Photo Gallery | 96792 Views | May 06,2019
Photo Gallery | 88973 Views | Apr 26,2019
My Opinion | 67184 Views | Aug 14,2021
Commentaries | 65765 Views | Oct 02,2021
Apr 20 , 2024
In a departure from its traditionally opaque practices, the National Bank of Ethiopia...
Apr 13 , 2024
In the hushed corridors of the legislative house on Lorenzo Te'azaz Road (Arat Kilo)...
Apr 6 , 2024
In a rather unsettling turn of events, the state-owned Commercial Bank of Ethiopia (C...
Mar 30 , 2024
Ethiopian authorities find themselves at a crossroads in the shadow of a global econo...
Loading your updates...