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

  • Work to start on key Mozambique bridge and roads project
    August 30, 2012
    Work is about to get underway on the Maputo-Catembe bridge and the nearby Bela Vista-Boane and Catembe-Ponta do Ouro roads in Maputo province, Mozambique. Cadmiel Muthemba, Mozambique minister of public works and housing, revealed the imminent start date for the project which will include a bridge spanning around 3km, while the roads will have a combined length of 209km.
    Read More
  • Thousands of potholes to be fixed in Staffordshire, UK spring blitz
    March 27, 2014
    Around 7,000 extra potholes are to be repaired across Staffordshire as part of a €2.5 million (£2.1 million) package of investment in the English county’s roads. Staffordshire County Council is also drafting in two extra pothole-blitzing machines – in addition to the two already out tackling potholes and improving road surfaces in the county. The two extra machines use high velocity patching and can tackle stretches of defects and are particularly effective on more rural, less constructed roads.
    Read More
  • Innovative financing mechanisms for sustainable roads funding
    July 5, 2016
    Francesco Micci discusses innovation in funding methods All countries need an efficient and extended road transport system to sustain both the social development and the economic competitiveness. The latest trends show that the demand for road infrastructure is constantly growing, despite the negative impact of the financial and economic crisis on public and private financing. Global spending regarding road transport infrastructure actually accounts for roughly US$580 billion worldwide, and is projected
    Read More
  • New Argentina highway construction work
    January 11, 2019
    Construction is underway for Argentina’s new Mendoza-San Juan Highway – Mauro Nogarin reports The rehabilitation and maintenance works of more than 3,300km of routes is now underway in Argentina. This followed on after the takeover of six new road corridors under the Public-Private Partnership (PPP) model, which took place in August 2018. The rehabilitation and maintenance works are being carried out prior to the start of the main projects, which will include the construction of highways. Building these
    Read More

Highlighted Content