2merkato

The Ethiopian Roads Authority is set to construct ten new roads that will link newly constructed sugar factories with the national road network.

The roads are intended to link the sugar factories being constructed in mainly remote areas. It is expected that ERA will float bids for the construction of the 574 kilometers of roads required to realize this project. The road construction plan calls for 519 kilometers of asphalt roads and 55 kilometers of gravel roads according to sources.

ERA will float the first five tenders within the next 2 months it was said.

Ethiopian Roads Authority (ERA) is to inaugurate 69 kilometer road project, according to Addis Fortune.

Ethiopian Roads Authority (ERA) announced it has launched upgrading of the 159 kilometer Sodo-Omo River-Tercha gravel road with the cost of three billion Birr, Ethiopian News Agency reported.

Ethiopian Airlines has secured a net profit of 3.5 billion Birr in the 2014/2015 budget year, according to The Reporter.

Ethiopia’s flag carrier Ethiopian Airlines has concluded a loan agreement of 50 Million Euros with the Agence Française de Développement (AFD). The loan is going to used for financing the construction of the new state of the art cargo terminal.