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 planning road network growth
    June 11, 2018
    Ethiopia is setting a target of 2020 to complete its road expansion programme. The plan has been to double the length of the country’s road network in the period from 2015 to 2020. At present Ethiopia has around 121,200km of roads, compared with around 100,000km of roads in 2015. But by 2020, the Ethiopian Roads Authority (ERA) aims to expand the network to 200,000km.
    Read More
  • US$160mn World Bank credit for Rajasthan road modernisation project
    January 6, 2014
    The World Bank has made available US$160 million of credit for the Rajasthan Road Sector Modernisation Project in west India. Scheduled to finish in December 2018, the ambitious project aims to improve rural connectivity, as well as improving road safety and management in Rajasthan state. In recent years Rajasthan, India’s largest state by area and home to more than 68 million people, is said by the World Bank to have made considerable progress with developing its rural roads under the Prime Minister’s Gra
    Read More
  • World Bank cancel US$1.2bn Padma Bridge loan
    July 6, 2012
    A loan worth US$1.20billion for the Padma Multipurpose Bridge project has been cancelled by the World Bank (WB). The decision was said to have been taken as the Bank was not satisfied with the actions taken by the Bangladeshi government in regards to corruption allegations involving the bridge contract. A major engineering and construction company is alleged to have made improper payments to Bangladeshi government officials in order to secure the bridge contract. The World Bank loan, signed In April last y
    Read More
  • Serbia upgrading infrastructure
    May 2, 2012
    Serbia has managed to reduce the cost of building the Corridor 10 highway by €80 million. These funds will instead be used to pay for upgrades and improvements needed for the second section of the highway project, close to Neradovci. So far some 180km of the Corridor 10 highway has been built over a 40 month time frame. A further 150km of the highway has still to be built. Work on the Corridor 10 motorway is also being financed by the European Bank for Reconstruction and Development and the state budget. Wh
    Read More

Highlighted Content