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

  • Indonesia’s key highway project
    July 21, 2020
    Indonesia’s key Trans-Sumatra highway project will be complete in 2024.
    Read More
  • New highway infrastructure planned for Nepal
    March 18, 2014
    Interest is said to be strong for a key highway project in Nepal. The project to build the US$1.02 billion Kathmandu-Tarai Fast Track route has attracted interest from China in the shape of the China Infrastructure Investment Corporation (CIIC) and from India with Reliance Infrastructure, and Shapoorji Pallonji. The 76km highway will commence at Khokana and connect capital Kathmandu with Nijgadh. Should CIIC win the deal it has said it will source funding from China’s Exim Bank. The project has been hit by
    Read More
  • Highly relevant: Denmark’s asset management for bridges
    July 12, 2019
    A well-maintained road bridge network is vital to Denmark’s economy. David Arminas caught up with Niels Pedersen, head of bridges at the Danish Road Directorate Denmark, being a country mainly of islands, relies on its bridges and tunnels to help unify the nation culturally. It also means that they are vastly more important to the economic well-being of the nation than in most other states. The World Bank has classified Denmark as a high-income economy. In 2017 it ranked 16th globally in terms of gros
    Read More
  • Veidekke’s €180 million Norway tunnel job
    July 3, 2024
    Veidekke has won a €180 million tunnel project in Norway.
    Read More

Highlighted Content