Ethiopian Railways Corporation (ERC) signed a Memorandum of Understanding With Ethio-Djibouti Standard Gauge Railways S.C. (EDR) to work together on railway sector development, railways resource management, and commerce. The agreement is expected to enhance the railway sector.

EDR was established in 2017 with an initial capital of USD 500 million based on the bilateral investment agreement between Ethiopia and Djibouti which was signed in December 2016.

Source (including image): EDR