China firms win US$149.77mn Ethiopia road upgrade contract

The Ethiopian Roads Authority has awarded a contract worth at least US$149.77 million (ETB 2.8bn) for a road upgrade to two China-based firms, with works due to be wrapped up in 36 months. Under the deal, the two companies are to upgrade a 133km road between the districts of Mille and Kombolcha from gravel to asphalt-concrete roads. Money for the works is being sourced from a loan extended by the World Bank.
June 14, 2013 Read time: 1 min
The Ethiopian Roads Authority has awarded a contract worth at least US$149.77 million (ETB 2.8bn) for a road upgrade to two China-based firms, with works due to be wrapped up in 36 months.

Under the deal, the two companies are to upgrade a 133km road between the districts of Mille and Kombolcha from gravel to asphalt-concrete roads. Money for the works is being sourced from a loan extended by the 2332 World Bank.

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