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

  • Construction to start on Hungary’s revamped M4 project in 2016
    July 7, 2015
    The Hungarian government has announced that it will restart work on a new section of the M4 dual carriageway between Albertirsa and Ullo in 2016. Hungarian media reported that the government will invest around €192 million and no funding will come from the European Union, of which the country is a member. The two towns are around 25.5km apart, with Albertirsa closest to the capital Budapest at around 60km. The project should be finished some time in 2019, according to Hungarian media. The announcem
    Read More
  • Republic of Ireland’s N25 New Ross Bypass achieves financial close
    March 3, 2016
    The €230 million N25 New Ross Bypass public-private partnership (PPP) project in County Wexford, Republic of Ireland has reached financial close. Mott MacDonald is technical advisor on the public-private partnership, awarded by the National Roads Authority, otherwise known as Transport Infrastructure Ireland. Work will be carried out by BAM Ireland and Dragados, a construction division of ACS Group, based in Spain. The scheme involves construction of 13.6km of dual carriageway and 1.2km of new or u
    Read More
  • Rwanda to upgrade Mahama camp road
    December 19, 2022
    The successful bidder for project will be responsible for the design and construction of the road from Rusozi to the camp, as well as maintenance for three years.
    Read More
  • Russia's key highway development project
    February 8, 2012
    One of the largest construction programmes in Europe is being carried out to get a Russian resort ready for the Winter Olympics. Patrick Smith reports
    Read More

Highlighted Content