ERA Contracted Chinese Companies for Road Upgrade Project

Ethiopian Roads Authority last week signed agreement with two Chinese construction companies to upgrade the Kombolcha-Bati road to asphalt concrete level. The 133 KM road project is estimated to cost the Authority close to 2.8 billion Ethiopian birr.

Construction of the road, which is scheduled to be completed in three years time will be fully financed with a fund secured from the World Bank. The project is part of the fourth Road Sector Development Program (RSDP IV) of the Authority, for which implementation costs are estimated to reach 125.3 billion birr. Out of this, 84.5 billion birr is allocated
for federal projects, 14.4 billion birr for regional and 26.4 billion for weredas, the smallest administrative subdivision.

The RSDP is part of the Ethiopian Government's Road Sector Development Program (GTP), tasked to upgrade 728 KM of trunk and link roads and construction of 4,331 KM of new link roads.

The Ethiopian Roads Authority  is planning to achieve a nation wide road network of 136,044 KM in 2015 from the 48,793 KM the country has in 2010.

Source: Fortune

Exchange Rates

USD 36.2043  35.4944 
GBP 45.0755  44.1917 
EUR 42.5690  41.7343 
CHF 37.6963  36.9572 
CAD 24.4788  23.9988 
AED 8.9188  8.7439