Skip to main content

Chinese loans for Ethiopia road projects

Loans from China will help pay for new road projects in Ethiopia. Two loans worth a total of US$170 million are being provided by the Export-Import Bank of China. One road project loan will be worth $120 million and the other worth $50 million. The country is seeing its transport network being revitalised with a series of projects that are intended to help develop its future economic growth.
January 5, 2017 Read time: 1 min
Loans from China will help pay for new road projects in Ethiopia. Two loans worth a total of US$170 million are being provided by the Export-Import Bank of China. One road project loan will be worth $120 million and the other worth $50 million. The country is seeing its transport network being revitalised with a series of projects that are intended to help develop its future economic growth.

Related Content

  • Funding secured for Nepal highway connection
    October 11, 2018
    A funding package has been secured that will help pay for a key road project in Nepal. The Asian Development Bank (ADB) is providing a loan worth US$180 million that will be used to help pay for widening work to an 87km stretch of the East-West Highway between Kamala and Kanchanpur. At present the route has just one lane in either direction but the upgrade will see the route being widened in a bid to boost capacity and safety, with two lanes in either direction. The project is being managed by the Nepalese
  • China looks to the future with major highway plans
    February 15, 2012
    China is still moving ahead with plans that will give it the world's biggest highway system. Patrick Smith reports. As China's economy grows even more, keeping the country on the move has become a priority for the government. While the country has made great strides over the past decade in improving its infrastructure, the number of vehicles has also increased rapidly, and in some instances restrictions have been placed on them.
  • New Nigerian road and bridge transport connection
    March 3, 2020
    A new road and bridge transport connection is proposed for South East Nigeria.
  • We're here to help
    July 16, 2012
    Formed at the end of the Cold War, the European Bank for Reconstruction and Development has raised, and loaned, billions to revitalise infrastructure from central Europe to central Asia as Patrick Smith reports One of the highlights of the year for Thomas Maier has been the recent trip to Bratislava, the capital of Slovakia, where history was made. As the Business Group director in charge of the infrastructure sector at the European Bank for Reconstruction and Development (EBRD) he was present when contract