#Ethiopia, #Djibouti take over management of Ethio-Djibouti Railway after six years of commercial operations
After six years of transformative service, the Chinese Railway Construction Corporation (CRCC) formally transferred management of the #Ethio_Djibouti_Railway to the Ethiopian and Djiboutian governments. The ceremonial handover was held in #Addis_Abeba on 10 May, 2024.
Initiated in 2018, the railway spans over 750 kilometers, connecting Addis Abeba to Djibouti port. Part of #China's Belt and Road Initiative, the project received a total investment of $4 billion, with major contributions from China Exim Bank and the Ethiopian government. The Djiboutian government added $878 million to support its construction.
Abdi Zenabi, executive director of the Ethio-Djibouti Railway, highlighted its transformative impact: "This strategic coastal railway has fundamentally altered the transportation dynamics, resulting in diminished transit durations and enriched trade prospects."
Since its inauguration, the railway has facilitated the transportation of approximately 530,900 passengers and 7,328,500 metric tons of cargo.
https://addisstandard.com/?p=43816
After six years of transformative service, the Chinese Railway Construction Corporation (CRCC) formally transferred management of the #Ethio_Djibouti_Railway to the Ethiopian and Djiboutian governments. The ceremonial handover was held in #Addis_Abeba on 10 May, 2024.
Initiated in 2018, the railway spans over 750 kilometers, connecting Addis Abeba to Djibouti port. Part of #China's Belt and Road Initiative, the project received a total investment of $4 billion, with major contributions from China Exim Bank and the Ethiopian government. The Djiboutian government added $878 million to support its construction.
Abdi Zenabi, executive director of the Ethio-Djibouti Railway, highlighted its transformative impact: "This strategic coastal railway has fundamentally altered the transportation dynamics, resulting in diminished transit durations and enriched trade prospects."
Since its inauguration, the railway has facilitated the transportation of approximately 530,900 passengers and 7,328,500 metric tons of cargo.
https://addisstandard.com/?p=43816
Addis Standard
Ethiopia, Djibouti take over management of Ethio-Djibouti Railway after six years of commercial operations - Addis Standard
Ethiopia, Djibouti take over management of Ethio-Djibouti Railway after six years of commercial operations Addis Standard -