Ethiopia road contract awarded

Work on a major road project now looks set to commence shortly in Ethiopia. The US$221.7 million project will be carried out by a joint venture comprising Indian contractor IL&FS Transportation Networks (IL&FS) and its fully-owned Spanish arm Elsamex. The new highway is for an 84.56km route connecting Agamsa-Bure as well as an 86.1km stretch from Nekempte-Anger Gutin-Andhode. Financing for the work is being supplied by the World Bank and the work is expected to take eight years to complete. IL&FS won the pa
March 4, 2016 Read time: 1 min
Work on a major road project now looks set to commence shortly in Ethiopia. The US$221.7 million project will be carried out by a joint venture comprising Indian contractor 3148 IL&FS Transportation Networks (IL&FS) and its fully-owned Spanish arm Elsamex. The new highway is for an 84.56km route connecting Agamsa-Bure as well as an 86.1km stretch from Nekempte-Anger Gutin-Andhode. Financing for the work is being supplied by the World Bank and the work is expected to take eight years to complete. IL&FS won the package of works on an output and performance based road contract (OPRC) basis. The joint venture was awarded the deal by the Ethiopian Roads Authority for management and maintenance services, improvement works and design.
Road Structures Finance & Funding

For more information on companies in this article

Related Content

  • New highway in India for Jharkhand and West Bengal
    May 15, 2013
    A US$307 million highway is being built in the state of Jharkhand and West Bengal. This follows an agreement between local firm IL&FS Transportation (IL&FS) and the National Highways Authority of India (NHAI). The deal takes the form of a concession package and will be for a 20 year period. The highway is to be constructed in around 30 months and IL&FS will then operate the route on a tolled basis once it is open to traffic. The project forms part of the National Highways Development Project (NHDP) phase V.
    Read More
  • 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
  • Nepal highway project now moving forward again
    March 20, 2015
    The Nepalese Government is now moving forward with its plans for the Kathmandu-Tarai Fast Track highway project. The Indian firm Infrastructure Leasing & Financial Services (IL&FS) has been awarded the contract to prepare a detailed project report (DPR) for the project. Following earlier issues with regard to sourcing suitable financing, the Nepalese Government now plans to construct the highway link using the Public-Private Partnership (PPP) and build-own-operate-transfer (BOOT) model. The maximum cost of
    Read More
  • World Bank financing Ethiopian road project?
    February 26, 2014
    The World Bank is offering funding worth some US$320 million for construction of the 258km Nekempte-Bure road in Ethiopia. In total the project is expected to cost $385 million to build, with the Ethiopian Government providing the remaining $65 million. The Ethiopian Road Authority (ERA) has said that the contractor that wins the tender for the project will also have to maintain the road for five years after construction is completed.
    Read More

Highlighted Content