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

  • Supporting road safety data collection in EuroMed Region
    December 13, 2018
    Dr Cristian Gonzalez, director IRF World Road Statistics, was in Athens to share IRF’s expertise in data collection at a three-day regional workshop organised by the EuroMed Transport Support Project. The event offered a novel opportunity to share national, European and international experiences and best practices with road safety data and allow a regional exchange on setting up a road map for the follow-up actions. The Workshop hosted 40 experts, of which 25 from EuroMed Partner countries. The “EuroMed T
    Read More
  • India’s highway financing programme planned
    November 30, 2016
    A budget of US$8.97 billion has been set as the limit on borrowing for India’s highways development programme for the 2017-2018 fiscal year. The financing agreement has been made by the National Highways Authority of India (NHAI), acting through the country’s Ministry of Road Transport and Highways. This substantial budget comes in spite of fewer projects being awarded as well as less financing having been secured during 2016. In the April to October 2016 the NHAI awarded contracts for 2,330km of highways.
    Read More
  • Europe’s green roads future
    June 17, 2020
    The European Commission’s Green Deal recognises that sustainable road infrastructure will keep Europe’s highways at the core of the continent's economy
    Read More
  • Ethiopia road contract awarded
    March 4, 2016
    Work on a major road project now looks set to commence shortly in Ethiopia. The US$221.7 million project will be carried out by a joint venture comprising Indian contractor IL&FS Transportation Networks (IL&FS) and its fully-owned Spanish arm Elsamex. The new highway is for an 84.56km route connecting Agamsa-Bure as well as an 86.1km stretch from Nekempte-Anger Gutin-Andhode. Financing for the work is being supplied by the World Bank and the work is expected to take eight years to complete. IL&FS won the pa
    Read More

Highlighted Content