Railway Corp Launches Construction Unit for Regional Road Project

Aug 25 , 2024


[ssba-buttons]

The financial issues of Ethiopian Railway Corporation (ERC) are expected to be addressed as it establishes a new construction business unit. This initiative will focus on the maintenance of a 60Km road stretch in Oromia Regional State, connecting the towns of Robe, Gasera, and Ginir in eastern Bale Zone. The Corporation has partnered with IDCON Infrastructure Development Consultant Plc for consulting services for the project, expected to be fully finished by the end of the fiscal year. To undertake this construction work, ERC has obtained a first-grade contractor license from the Ethiopian Construction Authority. It has secured the contract four months ago, valued at 249 million Br, from the Ethiopian Roads Administration. The Corporation has also secured licenses for design and consulting services related to building, bridge, and highway construction. ERC, which falls under the Public Enterprises & Holding Agency, has been wrestling with marked financial issues with its debts ballooning to 126pc of its capital. According to the statement, diversification of services is aimed at mitigating the financial pressures the corporation has faced in recent years. The establishment of the new construction unit is seen as a crucial step towards improving the Corporation's financial health and sustainability.


Radar

Revenue Drive Intensifies Following 900 Billion Br Milestone

The Minister of Revenue announced plans to collect 1.28 trillion Br in the upcoming fiscal year. This announcement was made during a discussion forum organised by the Ministry of Revenue (MoR) and the Customs Commission, which included senior leaders, employees, and relevant stakeholders. The event, themed "We will achieve our mission through coordinated leadership and active participation of employees," served as the platform for this important announcement. According to the ministry, they s...


Radar

Parliament Endorses Electoral Law Change Tying Party Support to Member Contributions

Federal legislators have ratified a contentious amendment to the Ethiopian Electoral, Political Parties' Registration, and Elections Code of Conduct Proclamation, revising the criteria political parties must meet to access government funding. The revised proclamation requires political parties to secure at least 20pc of their income from membership contributions in order to qualify for government grants. The clause passed with a majority vote in parliament, with two votes against and four abs...


Radar

City Unveils Major School Expansion Across 11 Districts

Addis Abeba City Administration has launched 150 education projects valued at over 5.2 billion Br ahead of the 2026 academic year. Spread across the capital's 11 districts, the rollout includes 14 newly built schools and upgrades to 64 existing facilities, adding 1,655 classrooms alongside ICT labs, libraries, and sports fields. City officials say the investment is part of efforts to improve access and quality of education, with infrastructure designed to accommodate students with disabilitie...