AfDB approves $98m financing for Ethiopia-Djibouti road projectAfDB approves $98m financing for Ethiopia-Djibouti road projectAfDB approves $98m financing for Ethiopia-Djibouti road projectAfDB approves $98m financing for Ethiopia-Djibouti road project
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AfDB approves $98m financing for Ethiopia-Djibouti road project

August 7, 2019

The African Development Bank (AfDB) has approved a $98-million financial package for Ethiopia for a road transport corridor project to neighbouring Djibouti, it said late on Tuesday. The project’s total cost is $255-million, comprising an AfDB grant of $98-million to Ethiopia’s government and an AfDB grant of $5.3-million to Djibouti’s government, plus a co-financing contribution of $151-million by Ethiopia’s government.

Link to Engineeringnews.co.za

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