New road development in Ethiopia

Key highway developments are improving connectivity for Ethiopia. The African Development Bank (AfDB) will finance part of the Mojo-Hawassa express highway project. The 209km highway will be constructed in two phases over a five year period, with extra funding coming from South Korea Exim Bank and the government of Ethiopia. Under the first phase, 93km of road will be constructed and the AfDB approved a $126 million package of funding for this Mojo-Meki section. Some $2.44 million is being provided by the
December 9, 2013 Read time: 2 mins
Key highway developments are improving connectivity for Ethiopia. The 1586 African Development Bank (AfDB) will finance part of the Mojo-Hawassa express highway project. The 209km highway will be constructed in two phases over a five year period, with extra funding coming from South Korea Exim Bank and the government of Ethiopia.

Under the first phase, 93km of road will be constructed and the AfDB approved a $126 million package of funding for this Mojo-Meki section. Some $2.44 million is being provided by the bank to help the Ethiopian Road Authority (ERA) in a construction capacity. A further $99.1 million will be provided by the Ethiopian Government to fund resettlement compensation, local taxes, costs and other expenses. Some $349.51mn will be invested in the section between Mojo and Zeway (Batu). The second section that stretches over 37 km between Meki and Zeway will be funded using $ 22 million from the government and a $100 million loan.
Finance & Funding

For more information on companies in this article

Related Content

  • Bangladesh highway development project for trade corridor
    October 27, 2017
    Funding worth US$1.2 billion will help pay for the stage two portion of the project to upgrade the Northwest Trade Corridor project in Bangladesh. The highway will improve transport connections to and from Dhaka, with stage two being for the 190km stretch between Elenga and Rangpur. This funding is being provided by the Philippines-based Asian Development Bank (ADB), although further financing from the Bangladesh Government will pay for the remaining $472.6 million required for this highway section.
    Read More
  • A new tolled highway brings change for Austin, Texas
    February 10, 2020
    A new highway section in Austin, Texas marks a major departure for the southern US city
    Read More
  • Turkey is investing in new motorway and bridge projects
    May 29, 2013
    Turkey is benefiting from new motorway and bridge projects constructed along the BOT model - Gülay Malkoç. Looking at Turkey’s economic development, road construction plays a crucial role. The investment in Turkey is becoming increasingly attractive for both local and foreign investors. There are significant huge road investments and projects being made in Turkey at present, compared with EU countries where the roads need mostly repair and maintenance. According to the approach of Turkey’s Ministry of Trans
    Read More
  • Bangladesh moves forward with US$735 million highways programme
    August 5, 2021
    A massive highways development programme is being planned in Bangladesh
    Read More

Highlighted Content