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[Dec 2017] EXIM Bank China Ethiopia Latest Ethiopian News | Ethiopian Business Directory & Portal - Addis Biz

Third Expressway to be constructed in Ethiopia

The Ethiopian Roads Authority (ERA) is considering only Chinese companies for the construction of the nation’s third expressway, which will extend the Addis-Adama Expressway, with an estimated cost of 12 billion Br it secured from the EX-IM Bank of China.

For the project, the Authority re-announced a non-inclusive tender, only inviting Chinese construction firms. ERA announced the tender on June 1, 2017, in the daily state newspaper, The Ethiopian Herald.

The government has already secured the finance for the 120km

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Gibe III was officially inaugurated

Prime Minister Hailemariam Desalegn has officially launched Gibe III hydropower project of the Ethiopian Electric Power.

“Attaining development plans without electricity will be difficult for the country,” the Prime Minister told stakeholders at the launch.

It was built by Salini Impregilo, an Italian company that was also behind the construction of the Grand Renaissance Dam. The construction took nine years to complete and consumed over 35 Billion Birr.

Over 60pc of the project is financed by China Exim

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Bole International Airport Expansion Project reaches 40%

Bole International Airport Expansion ProjectThe Addis Ababa Bole International Airport passenger terminal expansion project is 40 percent completed.

The Ethiopian Airports Enterprise (EAE) launched the expansion project in January 2015. The project includes the expansion of Terminal 1 and 2 and the construction of a new VIP Terminal. The expansion project aimed

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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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