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

  • Progress on Vietnam US$2bn transport infrastructure projects
    July 17, 2012
    Two major transport infrastructure projects in Vietnam with a combined value of more than US$2billion are a step closer to completion. A tender to appoint a contractor for the US$1.47billion Danang-Quang Ngai highway development has been published by Vietnam Expressway Corp (VEC).
    Read More
  • Implementation of road building projects in Russia’s Moscow may be significantly delayed
    May 15, 2014
    Implementation of some large-scale investment projects for road building in Russia’s capital Moscow may be significantly delayed A series of major documentation issues are the cause of the problem. These have delayed projects for up to nine tenders on the total sum of US$2.6 billion (95 billion rubles), with anomalies having been found by the Russian Federal Anti-Monopoly Service.
    Read More
  • Russia seeks outside investment in road building
    November 6, 2012
    The Russian road building industry is on the verge of big changes as it bids to improve quality and speed of construction says Eugene Gerden The Russian road building industry is on the verge of big changes as the national government considers creating conditions to attract foreign companies to build roads in the country. According to a recent order of President Vladimir Putin, due to poor quality and high cost of road construction, there is a need for the development of a mechanism to attract foreign compa
    Read More
  • Chinese firms building Ethiopia route
    September 9, 2013
    Two Chinese firms are building a new road connection in East African nation Ethiopia. The 133km road will run from Mille to Kombolcha, through Bati. Shandong Highway is working on a 73km stretch of the route from Milla to Burka, while Zhongmei Engineering has the deal for the 60 stretch of road from Burka to Kombolcha. The project is being carried out for the Ethiopian Government and is being handled by the Ethiopian Roads Authority (ERA). Indian firm International Consultants & Technocrats (ICT) has a US$1
    Read More

Highlighted Content