Meskel Square-Bole road project to kick off

October 21, 2010

Meskal Flower to Bole Project

The Chinese Import and Export (EXIM) Bank is to finance the stylish Meskel Square-Bole (Africa Avenue) asphalt road upgrading project, which comprises three passover bridges and two road junctions. The project is also expected to commence this budget year after over two years of delay.

Fekade Haile (Eng), General Manager of Addis Ababa City Roads Authority  AACRA, told Capital that the authority has agreed to the loan conditions of the Chinese bank EXIM. He said that the loan contract will be concluded in the near future while other sources claim that the finance will be secured within a few months.  Read more (Capital)