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

  • Argentina road funding for major projects
    May 31, 2019
    Argentina is looking to source a series of loans to pay for six important road projects. The Inter-American Development Bank (IADB) is in discussions with officials in the country over the loans package, worth a total of US$200 million. The funding would be used for six PPP road projects. Other financing worth $900 million is also being secured for the six road projects, with some of the construction work already underway.
  • EBRD loan for Bosnia
    March 15, 2012
    Japanese manufacturer Mitsubishi Motors has aided in a pilot study using an electric vehicle to power traffic lights.
  • Ethiopia’s challenging cement market: consumption stimulation
    January 26, 2018
    Ethiopia’s cement industry has enjoyed substantial growth in the past decade. However, challenges linked to the government’s investment policy could erode these gains, as Shem Oirere reports With nearly 16.5 million tonnes of cement capacity and 10% average growth in annual consumption, Ethiopia is among the top cement producers in sub-Saharan Africa. Only Nigeria and South Africa rival it.
  • Chinese funding will help pay for Macedonia road project
    October 4, 2013
    In Macedonia a new 50km section of highway will be constructed, with €574 million of financing coming from China's Export-Import Bank. The Exim Bank credit line to Macedonia will be used to build a the highway connecting Skopje and Stip. The new route will also link Stip with pan-European transport corridor 10. The loan will carry an interest rate of 2% and will have a 20 year term with a five year grace period. Macedonia is close to completing work on the corridor 10 road project, which is worth €300 milli