EU Gives Ethio-Djibouti Railway $50mn Injection

Addis Ababa, October 2, 2006 –   The European Union would fund the repair work on 144km of railway in Ethiopia and Djibouti at an estimated cost of € 40mn (about $50mn), said the Djibouti Railway Company.

The company would carry out the repairs, said GM Teume Tekele. Tekele said the repairs were part of an effort to modernize the Ethio-Djibouti railway in order to offer comfortable services to travelers.

The Ethio-Djibouti railway recently awarded a 25-year administration contract to a South African company in an effort to prop up service delivery.

Source: Business in Africa Online

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