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[Jan 2017] Modjo to Hawassa Expressway Latest Ethiopian News - AddisBiz.Com | Ethiopian Business Guide

Parliament Approves Five Loan Agreements which Total 16.3b Br

Parliament approved five loan agreements, with a total value of 16.3 billion Br on July 7, 2015, made between the Ministry of Finance & Economic Development (MoFED) and different developmental partners to finance various projects.

Three of the approved loan agreements are for road projects whereas the two are for agriculture and water supply projects.

The largest loan of 408 million dollars is for the construction of two roads. One of the roads is a 60Km road extending from Shambu, in the Wellega, west of Lake Fincha,

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World Bank approves 370 mln USD to improve Ethiopia’s transportation system

The World Bank on Monday approved a 370 million dollars credit, to help Ethiopia further expand its transportation system and provide safe and efficient roads to its citizens.

The new Expressway Development Support Project is designed to help Ethiopia overcome some of the challenges regarding limited size and poor quality of roads.

Limited size and poor quality of roads has been a major constraint to economic growth and poverty reduction in Ethiopia.

To address this challenge, Ethiopia with support from several

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