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

  • How retroreflection can assist in improving traffic safety
    April 29, 2015
    Better road markings can boost safety for road users. There is currently a strong focus on traffic safety in Europe with a number of programmes intended to reduce the overall number of crashes on roads and cut the statistics for injuries and fatalities. In the first EU programme implemented between 2001 and 2010, the goal was to halve the number of people killed in road crashes. Most EU countries showed significant improvement over the decade and a few countries met or even exceeded this target of 50% r
    Read More
  • Texas highway upgrade commencing
    May 11, 2021
    A new Texas highway upgrade project is commencing.
    Read More
  • More than US$700mn released for construction of new Moroccan motorway
    January 9, 2013
    Over US$ 700 million (MAD 6bn) has been released for the construction of a 172km motorway between Berrechid-Beni and Mellal in Morocco. The new highway will feature two toll booths and three rest areas. Although delays are expected, the project is due for completion in 2014. The first stretch in the Tadla-Azilal area is due for completion in June 2013. This motorway is said to form a key part of the 2008-2015 Morocco roadmap. It is funded by a loan from the Chinese government, by the European Investment Fun
    Read More
  • Construction underway on Italian highways with more planned
    August 8, 2012
    Two key highway projects in Italy are exhibiting good progress at present. Construction work on the new Brescia-Milan highway link is now more than 50% complete. The bridges crossing the Serio, Adda and Oglio rivers are 84% complete, while the underpasses and drainage is 49% ready. Service stations, surveying and foundation work is 40% complete while the remaining operations are 227% ready. Italian road construction firm Brebemi believes that the highway be will be complete and open to traffic by 31 Decembe
    Read More

Highlighted Content