Chinese Government provides loan for Gashena-Lalibela Road Project
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Ethiopia
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
On January 22, 2014, the Ethiopian Roads Authority (ERA) signed agreements for the design and construction of three road projects. Under one of the agreements, an 89km Gashena-Lalibela road in Lalibela area of Amhara State will be undertaken with an outlay of approximately 1.4 billion birrs. China Railway Tunnel Group Co., Ltd. (CRTG) is the contractor. The project was funded by China Eximbank. It entered the construction phase on February 12, 2014. On September 18, 2019, the Chinese Embassy in Ethiopia went to the GLS highway project to carry out risk investigation.
Number of official sources
1
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Ethiopia [Government Agency]
Implementing agencies [Type]
Government of Ethiopia [Government Agency]
China Railway Tunnel Group [State-owned Company]