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

  • 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 the
    Read More
  • Improving water management from roads
    August 19, 2015
    A new road design can improve local water supplies. A new road design could help mitigate heavy flooding during rainy seasons and alleviate water shortages in dry periods. This innovative concept is a winner in the IRF’s Global Road Achievement Awards, in the Environmental Mitigation category. Road designs often exacerbate issues arising from heavy rainfall. However, a new initiative is making roads instruments for harvesting wate and for improving land productivity along the roads. The Roads for Water and
    Read More
  • New Moroccan motorways planned
    May 20, 2015
    Four new motorways are to be built in Morocco following approval being given passed by the country’s government. The projects will cost a total of US$3.22 billion in all. The new routes include a motorway between Safi, Marrakesh and Béni-Mellal over a distance of 356-422km and costing from $1.35-1.56 billion. MAD 13bn and MAD 15bn. The other major connection is a motorway between Agadir and Guelmin, set to cost anywhere from $727 million- $1.77 billion, depending on the route and technical constraints, with
    Read More
  • Mostotrest won another tender for building of Moscow-St Petersburg highway
    February 20, 2014
    The award for a key stretch of the Moscow-St Petersburg highway has been awarded - Eugene Gerden writes As expected by analysts, Mostotrest, owned by the Rotenberg brothers, won the tender for the construction of the sixth and longest section of the Moscow-St Petersburg highway. Under the conditions of the tender the company will build 209km of the highway (334-543km), which will pass through the Tver and Novgorod regions of Russia. The cost of construction is 144.6 billion Rubles (US$4.51 billion), 16 bill
    Read More

Highlighted Content