300,504FansLike
227FollowersFollow
6FollowersFollow
FollowersFollow
906FollowersFollow
138SubscribersSubscribe

African Development Bank approves $1.2 million grant for Ethiopia-Sudan railway study

Although we are headquartered in Washington D.C. USA, our reporters and editors are working around the globe to cover what you care about. We invite you to donate to our fundraiser to help us keep our quality news free and available for all.

The African Development Bank’s Board of Directors has approved a $1.2 million grant to Ethiopia’s government to finance a feasibility study for construction of a standard-gauge railway (SGR) link between Ethiopia and neighbouring Sudan.

The grant, from the African Development Fund, the Bank Group’s concessional-rate lending arm, would cover 35% of the total estimated $3.4 million cost of the study. The remaining funding will be provided by the NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF) in the form of a $2-million grant, and by a contribution of $100,000 each from the two countries involved. The financing was approved in January.

The two-year, comprehensive feasibility study will assess the proposed project’s technical, economic, environmental and social viability, as well as alternative financing arrangements, including a public-private partnership (PPP).

[read_more id="2" more="Read full article" less="Read less"]

The railway line will link Addis Ababa in Ethiopia to Khartoum in Sudan, with an extension to Port Sudan on the Red Sea. The route, agreed by both governments, stretches 1,522 kilometres between Addis Ababa and Port Sudan.

According to the document presented to directors of the African Development Fund, the absence of a regional arterial route linking Ethiopia, Sudan and other countries in the Horn of Africa is a brake on trade, development and regional integration. The movement of goods and people between Sudan and Ethiopia often requires the use of several modes of transport, which increases costs and lengthens journey times.

The feasibility study’s findings will be keenly awaited because its implementation would benefit a large proportion of Ethiopia’s 110 million people and 43 million inhabitants of Sudan, as well as populations in the wider region.

The proposed project is aligned with the Bank’s Country Strategy Paper 2016-2020 for Ethiopia. It is also consistent with the long-term development goals of the Sudanese Government, as set out in its national 25-year strategy (2007-2031). It also accords with the Bank’s Ten-Year Strategy 2013-2022 and the operational priority of infrastructure development. The proposed project also would satisfy four of the Bank’s High 5 strategic priorities: Integrate Africa, Feed Africa, Industrialize Africa, and Improve the Quality of Life for the People of Africa.

[/read_more]

TODAY NEWS AFRICA
TODAY NEWS AFRICAhttps://todaynewsafrica.com
TODAY NEWS AFRICA is registered and headquartered in Washington, District of Columbia, United States of America. Our publication is widely read, respected and influential. By providing daily answers to questions our readers have about the people, the businesses and the continent of Africa, we are reaching a diverse and wide audience from around the world. Our readers, many of them world leaders, trust us because we are independent and truthful. Our advertisers understand the difference between news, views and ads. Contact us: contactus@todaynewsafrica.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Now

300,504FansLike
227FollowersFollow
6FollowersFollow
1FollowersFollow
906FollowersFollow
138SubscribersSubscribe

JUST IN

Ramphosa urges world leaders to fight racism, grant Africa more Security Council seats, lift sanctions against Zimbabwe and Sudan and cancel continent’s interests on debt

African Union Chairperson, the President of South Africa, Cyril Ramaphosa, on Tuesday, urged the United Nations General Assembly to fight racism,...

More than 200,000 people have now died of COVID-19 in US, even as President Trump says coronavirus “affects virtually nobody”

More than 200,000 people have now died of COVID-19 in the United States, according to the Johns Hopkins University virus tracker,...

How the African Continental Free Trade Agreement can succeed

The President of the Nigerian Senate, Ahmad Lawan, seems to know exactly how the African Continental Free Trade Agreement can succeed....

Alleged Nigerian fraudster on FBI watchlist turns self in over $6m internet scam

The Nigerian Economic and Financial Crimes Commission, EFCC, has commenced the investigation of Felix Osilama Okpoh, an alleged fraudster on the watchlist...

Cybercriminals target South Africa, Kenya and Nigeria with millions of attacks in 2020, and the year is not over

South Africa, Kenya and Nigeria have already seen millions of cyberattacks in 2020 with three months to the end of the...

MOST POPULAR

IMF approves disbursement of additional $1 billion for Angola to respond to COVID-19 economic fallout

The International Monetary Fund (IMF) on Wednesday approved the disbursement of an additional $1 billion for Angola to respond to...

Damning report finds detainees in Iran were sexually abused and given electric shocks in gruesome post-protest crackdown

Iran’s police, intelligence and security forces, and prison officials have committed, with the complicity of judges and prosecutors, a catalogue of...

USAID awards millions of dollars to Washington State University to combat lethal livestock disease in East Africa known as East Coast Fever

The U.S. Agency for International Development (USAID) has awarded millions of dollars to Washington State University to combat a lethal livestock...

Ethiopia charges prominent opposition figure Jawar Mohammed with terrorism

As human rights organizations continue to warn that Prime Minister Abiy Ahmed is turning Ethiopia into a dictatorship, his administration on...

WHO and UNICEF sign 10-year partnership to promote mental health of children and adolescents

 A new partnership between WHO and UNICEF is calling for key actions in universal health coverage, mental health, emergencies and nutrition

Ramphosa urges world leaders to fight racism, grant Africa more Security Council seats, lift sanctions against Zimbabwe and Sudan and cancel continent’s interests on debt

African Union Chairperson, the President of South Africa, Cyril Ramaphosa, on Tuesday, urged the United Nations General Assembly to fight racism, grant Africa more Security Council seats, lift sanctions against Zimbabwe and Sudan, cancel the continent’s interests on debt and support the rollout of a comprehensive stimulus package for African countries.Mr. Ramaphosa, who was the first African leader...

Stay connected

[/read_more]

[read_more id="2" more="Read full article" less="Read less"]

68 Shares
Share
Tweet
WhatsApp
Reddit
Share