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

  • Turkish customs: TAREKS taken to task
    February 29, 2024
    Turkish customs officials, under the TAREKS inspection regime, are taking a harder look at non-EU-made construction equipment. But it appears that some European manufacturers are being caught up in the importation log jam, reports David Arminas.
    Read More
  • Nepal plans road infrastructure expansion
    March 12, 2014
    Major road expansion is planned for Nepal, but will face huge challenges due to the country’s geography - Mike Woof reports, with local information from World Highways' Nepal correspondent, Ram Krishna Wagle The tiny, landlocked nation of Nepal lies sandwiched between two of the world’s largest countries, China and India and maintains good relations with both. Politically Nepal has strong links with China, while culturally its ties are close with India and these relationships work both ways. Despite bein
    Read More
  • Danube bridge takes shape
    February 10, 2012
    A new bridge over the River Danube between Bulgaria and Romania is expected to benefit to the economies of both nations. Krasimir Krastanov reports
    Read More
  • European infrastructure finance plans
    May 15, 2012
    The President of the European Commission José Manuel Barroso has unveiled his plans to raise new sources of finance to fund EU infrastructure projects. In a key 'State of the Union' address to the European Parliament, he said it would involve the establishment of EU project bonds issued in conjunction with the European Investment Bank (EIB).
    Read More

Highlighted Content