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

  • Ethiopia’s new tolled highway opens
    June 21, 2019
    Ethiopia is now benefiting from a new tolled route, improving transport between Dire Dawa and Dewele.
    Read More
  • World Bank finances Uzbekistan road development
    July 7, 2015
    The World Bank will grant Uzbekistan a US$200 million loan for 25 years, including a grace period of five years. The funds will go towards the $240 million Regional Roads Development project that is scheduled to be completed by 2021, according to UzDaily.uz. Uzbekistan’s government also reported that around 117km roads were built in the first half of this year.
    Read More
  • Ethiopia's road future?
    May 28, 2012
    Ethiopia is targeting a major investment in transport infrastructure as a means to boost its economy in the long term. The country's government has plans for a road building programme worth an impressive US$8.97 billion. The aim of the programme will be to build 82,500km of roads over a five year period. This will extend Ethiopia's road network from 49,000km at present to a total of 136,000km.
    Read More
  • The World Bank is helping fund Nepal’s bridge building
    June 28, 2012
    The World Bank (WB) is providing funds worth US$60 million to help Nepal build and repair bridges. The money will be used to build 121 new bridges and maintain 426 existing bridges that provide connections on Nepal’s Strategic Road Network (SRN). This budget has been set under the WB’s lending mechanism, project for result (P4R). The sum will help Nepal tackle repairs to 89 bridges that are in need of urgent major maintenance and 95 that require minor maintenance. Road officials in Nepal are also setting ou
    Read More

Highlighted Content