China firms win US$149.77mn Ethiopia road upgrade contract

The Ethiopian Roads Authority has awarded a contract worth at least US$149.77 million (ETB 2.8bn) for a road upgrade to two China-based firms, with works due to be wrapped up in 36 months. Under the deal, the two companies are to upgrade a 133km road between the districts of Mille and Kombolcha from gravel to asphalt-concrete roads. Money for the works is being sourced from a loan extended by the World Bank.
June 14, 2013 Read time: 1 min
The Ethiopian Roads Authority has awarded a contract worth at least US$149.77 million (ETB 2.8bn) for a road upgrade to two China-based firms, with works due to be wrapped up in 36 months.

Under the deal, the two companies are to upgrade a 133km road between the districts of Mille and Kombolcha from gravel to asphalt-concrete roads. Money for the works is being sourced from a loan extended by the 2332 World Bank.

For more information on companies in this article

Related Content

  • Nepal road and bridge improvements receiving funding
    November 20, 2018
    A loan from the World Bank will help pay for a series of road upgrades across Nepal. The US$133 million loan will be directed towards improving 12,412km of Nepal’s road network, including both major highways and secondary link roads. Also benefiting from the loan will be many of Nepal’s bridges. Maintenance work will be carried out to 90 bridges and safety measures will be improved on 180 bridges. Construction work will be completed on 92 bridges being built at present, while a further 115 existing bridges
    Read More
  • Guatemala highway contract awarded
    March 29, 2018
    SBI International Holdings will carry out US$93 million of road construction works in Guatemala. The works will be for the upgrading of four sections of road in Alta Verapaz and Quiche that measure just over 144km. The deal was awarded by Guatemala’s Ministry of Communications, Infrastructure and Housing (CIV). SBI International Holdings is a subsidiary of Israeli firm Solel Boneh International. A $100 million loan from Japan's International Cooperation Agency (JICA) has provided the necessary financing for
    Read More
  • New road deals for Ivory Coast
    June 9, 2021
    New road deals have been signed for Ivory Coast.
    Read More
  • World Bank financing Ethiopian road project?
    February 26, 2014
    The World Bank is offering funding worth some US$320 million for construction of the 258km Nekempte-Bure road in Ethiopia. In total the project is expected to cost $385 million to build, with the Ethiopian Government providing the remaining $65 million. The Ethiopian Road Authority (ERA) has said that the contractor that wins the tender for the project will also have to maintain the road for five years after construction is completed.
    Read More

Highlighted Content