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.
Road Structures Finance & Funding

Related Content

  • IL&FS Transportation secures US481.86mn loans for India road projects
    November 11, 2013
    Indian company IL&FS Transportation Networks (IL&FS Transportation) will push ahead with vital major national road projects after securing loans worth more than US$480 million from lenders such as Yes Bank, IndusInd Bank and IL&FS Financial Services. Of the loaned amount, $211.84 million from Yes Bank will be used to help finance the expansion of the Khed-Sinnar Section of NH-50 in Maharashtra to four lanes, while another $272.43 million from IL&FS Financial Services and IndusInd Bank will be used to hel
    Read More
  • Tanzanian road project benefits from funding sources
    August 28, 2019
    Financing has been secured that will help pay for the 110km ring road around Tanzania’s official capital, Dodoma.
    Read More
  • Major road projects needed for Uzbekistan
    July 26, 2012
    The authorities in Uzbekistan are planning for a series of major road projects in a bid to boost the country’s transport connections and freight handling capabilities. A total of 2,306km of roads will be either built or upgraded in the country by 2015. Priority projects include building 1,008km of roads in the Beyneu-Andijan area, as well as rebuilding a 100km stretch of the Tashkent-Osh road. A total of 517km of roads and 544km of viaducts are to be to be built in 2012 under the plans.
    Read More
  • Demand diversity in the construction equipment sector
    June 1, 2015
    Demand within the global construction equipment manufacturing industry is anything but homogenous, with certain countries and sales regions significantly outperforming others, with a whole host of factors fuelling and suppressing each key market - Guy Woodford reports
    Read More

Highlighted Content