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

  • Road paving plan proposed for Mozambique
    March 20, 2015
    An ambitious road improvement scheme has been proposed by the Mozambique Government. The programme of works calls for the paving of 2,100km of roads by 2019. The scheme will address both national and regional roads across the country between 2015 and 2019, covering around 420km/year of roads on average. Also included within the programme will be repairs to 57 bridges. Meanwhile a further 2,800km of roads will be repaired, an average on 560km/year, by 2019. The, Japan International Cooperation Agency (JICA)
    Read More
  • Spain: 'spend more on maintenance'
    July 5, 2012
    Spain's road maintenance deficit has now reached €8.6 billion in the period since 2005, according to road maintenance companies. The industry has now asked the authorities to invest 2.5% of the roads value on maintenance to take up the shortfall. The companies include Imesapi and Dragados (ACS); Grupisa (Ferrovial); Acciona Mantenimiento de Infraestructuras (Acciona); Martinsa (FCC); Valoriza (Sacyr), and Elsan (OHL). This group says that the value of all the roads the Spanish government is responsible for
    Read More
  • India’s new highway project
    March 24, 2017
    India’s Eastern Peripheral Expressway project is now moving forward - Partha Pratim Basistha reports. Work on the 12- year pending, National, Eastern Peripheral Expressway-2, surrounding India’s National Capital, Delhi and its National Capital Region (NCR) has finally commenced. The project involves the North Indian states of Haryana and Uttar Pradesh and this development follows the approval of India’s Supreme Court. The project was held up due to land acquisition issues. Contractors are now in the process
    Read More
  • Paraguay road project securing financing
    September 13, 2018
    Financing has yet to be finalised for a series of road construction works in Paraguay. Loans are expected to pay for upgrade works to major road links. A loan of US$142.8 million is being sought from the Development Bank of Latin America (CAF) and South American development fund Fonplata. Meanwhile a $90 million loan is being sought from the Inter-American Development Bank (IDB). And a further $200 million loan would also be sought from the IDB. Road projects to benefit from the funding would be for the
    Read More

Highlighted Content