The Ethiopian Roads Authority is seeking 650 million US dollars from the African Development Bank. The authority, headquartered in Addis Ababa, Ethiopia, plans to use the money to finalize the Road Sector Development Program by 2015.
The authority plans to utilize 350 million US dollars of the money it acquires from the African bank on five new projects.
The Ethiopian Roads Authority said it has planned to construct and renovate close to 20,700 km new and existing roads at a cost of 28.9 billion Ethiopian birr during the current Ethiopian Fiscal Year.
Lebu-Goro, DireDawa-Dewele, Lumame-Debre Markos, Gedo-Menebegna, Ambo-Woliso, Konso-Yabelo, Debrebirhan-Ankober, Ankober-Dulecha and Dulecha-Awash are among the new roads which the Authority plans to construct this year.
Over 18,000 km roads are to be constructed, improved, and renovated by Ethiopian Roads Authority (ERA) in 2018/19 fiscal year.
Ethiopian Roads Authority (ERA) signed road construction agreements to construct fifteen roads worth 25.8 billion birr. The agreements were signed with eleven firms, local and Chinese on Thursday.
The Ethiopian Roads Authority signed a 3.9 billion Birr agreement for the construction of 197km of roads. The agreement was signed between the Authority and two Chinese construction companies.
The roads to be constructed are in Oromia, Amahara, and Afar regional states for the Tana Beles Sugar factory, which is under construction by the Ethiopian government.
The first 100 km stretching from Enjibar, Amhara region, to Pawi, in Benishangul-Gumuz was given to the China Communication Construction Company.
