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

  • East Africa drives towards road tolling
    March 18, 2016
    Road tolling is increasing in East Africa as the region’s countries expand highway networks - Shem Oirere writes. The drive towards road tolling in East Africa is gaining momentum. Uganda appears to have broken ranks with its neighbours to make huge strides in achieving progress with this innovative road financing plan. Road tolling has hitherto has been held back in East Africa for lack of political goodwill and State bureaucracies. Kenyan government officials have made announcements on planned road tollin
  • Nairobi’s new public transport project
    September 11, 2020
    Nairobi’s new public transport project will see special bus lanes being built.
  • Ghana road project receiving funding
    February 24, 2020
    An important road project for Ghana is receiving funding.
  • Ethiopia's road future?
    May 28, 2012
    Ethiopia is targeting a major investment in transport infrastructure as a means to boost its economy in the long term. The country's government has plans for a road building programme worth an impressive US$8.97 billion. The aim of the programme will be to build 82,500km of roads over a five year period. This will extend Ethiopia's road network from 49,000km at present to a total of 136,000km.