Ethiopia announces $7 bln in new road, power public-private projects

Ethiopia announced $7 billion worth of new road and power supply projects on Friday, according to the state-affiliated Fana news agency.

The government’s Public-Private Partnerships Office said the three road and 13 power projects would be launched this fiscal year, after the tendering processes were completed, Fana reported.

It did not say how they would be financed or give any other details on the projects.

But there have been signs that China, a major creditor, is slowing financing to Addis Ababa as doubts grow over the profitability of some infrastructure projects there.

Leave a Reply

Your email address will not be published. Required fields are marked *