(May 27, 2013, (Bloomberg))--Ethiopia will receive $1 billion in funding from the Brazilian Development Bank to build a section of a railway that will be extended to connect to neighboring South Sudan, a Foreign Ministry official said.
Andrade Gutierrez Participacoes SA of Brazil will build the link running from the capital, Addis Ababa, to Jimma about 439 kilometers (273 miles) to the southwest, Taye Atskeselassie, director general for the Americas at the ministry, said in an interview on May 24.
The bank “is willing to finance the project,” he said after Ethiopian Prime Minister Hailemariam Desalegn met Brazilian President Dilma Rousseff. “The technical side has been finalized, it’s only the financing part; it’s a matter of the details.” Construction will begin “soon,” he said. Read more from Bloomberg »
Andrade Gutierrez Participacoes SA of Brazil will build the link running from the capital, Addis Ababa, to Jimma about 439 kilometers (273 miles) to the southwest, Taye Atskeselassie, director general for the Americas at the ministry, said in an interview on May 24.
The bank “is willing to finance the project,” he said after Ethiopian Prime Minister Hailemariam Desalegn met Brazilian President Dilma Rousseff. “The technical side has been finalized, it’s only the financing part; it’s a matter of the details.” Construction will begin “soon,” he said. Read more from Bloomberg »
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