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

  • Poland's ambitious highway construction plans
    July 10, 2012
    The European football championships are among a number of things pushing Poland's ambitious highway building programme. Patrick Smith reports. Poland is planning to spend a colossal €4.57 billion on road projects in 2009, a 35% increase over the previous year. T
    Read More
  • Romanian road issues
    March 5, 2012
    Political controversy is looming with the revelation that Romania's National Road Company (CNADNR) has spent some €1.5 billion on upgrading 2,800 km of roads since 2004.
    Read More
  • Serbia’s pan-European Corridor X is in the slow lane
    October 23, 2017
    It’s been slow progress on Serbia’s Corridor X project. Gordon Feller reports. Back in the early 2000’s, the European Union undertook an ambitious programme to link the main cities of its south-eastern region. This involved connecting five key seaports – the Greek cities of Patras, Igoumenitsa, Piraeus and Thessaloniki as well as Romania’s Black Sea city of Constanta. Initially the plan involved two motorways across Greece. The first was a new 780km route including a branch to Ormenio on Greece’s north-eas
    Read More
  • Kenyan roads funded
    November 28, 2012
    The World Bank is offering the Kenyan Government a loan worth nearly US$300 million to fund road projects. The lion’s share of the money will be used to construct a double decker road link in Kenyan capital Nairobi. The 30-year repayment loan will also feature a grace period of 10 years. The Kenyan Government will contribute a small sum to the project and will also be in charge of the tender process.
    Read More

Highlighted Content