The Ethiopian Airports Enterprise is planning an expansion project of the Addis Ababa Bole International Airport passengers’ terminal at a cost of US$250 million, according to The Reporter.

Tewodros Dawit, CEO of the Ethiopian Airports Enterprise, told The Reporter that the expansion project is part of the Airlines' Vision 2025 development strategy.

According to Tewodros, the expansion project includes the construction of a new passenger terminal as an extensions of the existing Terminal 1 (domestic and regional terminal) and terminal 2 (international terminal) and the construction of a new VIP passengers’ terminal.

A US$250-million loan for the project has been obtained from the government of China, and the agreement is signed by the Ethiopian Ministry of Finance and Economic Development and the Chinese government, The Reporter reported citing Tewodros.

The Chinese construction company, China Communications Construction Company (CCCC), will be the contractor for the expansion project. The design work of the expansion project is being undertaken by a Singapore company, CPG.

The project is expected to launch next March and the project is scheduled to be completed within three years, according to The Reporter.

Source: The Reporter.