European funding for Ethiopian infrastructure

A new agreement on funding has been struck between Ethiopia and the European Union. The deal will see the EU providing some US$ 287 million in the form of a development grant, to be used for an array of projects in the country. In all $66.56 million of the funding will be used for road construction, with the rest of the grant being aimed at improving health and protecting the country from drought.
November 27, 2013 Read time: 1 min
A new agreement on funding has been struck between Ethiopia and the 1116 European Union. The Deal will see the EU providing some US$ 287 million in the form of a development grant, to be used for an array of projects in the country. In all $66.56 million of the funding will be used for road construction, with the rest of the grant being aimed at improving health and protecting the country from drought.
Road Structures

For more information on companies in this article

Related Content

  • Funding for Czech road upgrade programme
    August 19, 2016
    The Czech Republic is planning a major programme of road upgrades. This will target secondary roads in the country, improving road surfaces as well as safety features. Some €155.45 million is being provided by the Czech Ministry for Local Development for the work. Much of the funding is being sourced from EU financing, with the programme of road repair and upgrade works scheduled to take place from August 2016 until October 2022.
    Read More
  • UN Global Road Safety Trust Fund launched
    April 18, 2018
    FIA Foundation has pledged US$10 million to kick start a United Nations Road Safety Trust Fund, launched by Deputy Secretary-General, Amina Mohammed. The new fund is intended to encourage road safety action across the globe, using donations to help unlock government and municipal funding and re-focus national road safety budgets towards proven safe system and interventions. The monies will support projects aimed to strengthen road safety management capacities, improvements to road infrastructure and
    Read More
  • European transport funding until 2024
    November 8, 2019
    The European Bank for Reconstruction and Development (EBRD) is setting out its new transport development plan for the coming five years. The EBRD has approved a new Transport Sector Strategy for the 2019-2024 period, intended to refine the previous strategy. The aim is to work in a more focussed way on the emerging green economy and climate targets in a sector that, while slow to change, is a catalyst for economic and inclusive growth. Since the EBRD’s previous strategy came into force, global policymak
    Read More
  • Portugal's road safety initiative
    February 14, 2012
    The Portuguese experience with road safety has proved that planning, development, introduction, and hard work do pay off in the end. Paulo Marques Augusto, president of the National Road Safety Authority (ANSR), explained that in the last 10 years a decrease of over 50% has been achieved in the number of fatalities on the road network despite a continuing growth in traffic demand (there are five million vehicles in Portugal), and a similar reduction in travel time on most of the connections between Lisbon a
    Read More

Highlighted Content