World Bank financing Ethiopian road project?

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.
February 26, 2014 Read time: 1 min
The 2332 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.
Finance & Funding

For more information on companies in this article

Related Content

  • India highway project deals underway
    July 21, 2016
    India is busy with plans to expand its highway network. The work is being managed by the National Highways Authority of India (NHAI) and up to 97 different highway projects are envisaged in the complete programme. Some US$16 billion worth of projects could be awarded in the 2016-2017 period if all the planned projects move ahead as anticipated. These would deliver an additional 6,631km of highways in total. At present there are 250 highway construction projects underway in India, while 400 have already been
    Read More
  • Project complexity in Bolivia
    April 25, 2012
    Cost increases are being seen on work to the second phase of Bolivia’s Villa Tunari-San Ignacio de Moxos road project. The work looks likely to cost an extra US$250 million as the route will have to avoid the TIPNIS national reserve. The Bolivian Government made the decision to reroute the highway following appeals from the country’s indigenous community. However coca farmers are now appealing against this ruling, while farmers in neighbouring Brazil are also requesting guarantees on land use relating to th
    Read More
  • Tunisia’s massive highway expansion programme
    March 28, 2024
    Tunisia has plans for a massive highway expansion programme.
    Read More
  • Romanian highway works commencing
    July 15, 2022
    Highway works are commencing in Romania.
    Read More

Highlighted Content