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$US2 BILLION CHINESE LOAN FOR DJIBOUTI RAILWAY

On 22 May, Ethiopian Railways Corporation (CEO) Dr Getachew Betru, Djibouti minister of economy and finance llyas Moussa Dawazeh and EXIM Bank vice-president Zhu Xinqiang signed a loan agreement of nearly $US3 billion towards reconstruction of the Addis Ababa-Djibouti railway. Ethiopian prime minister Hailemariam Desalegn and other senior officials were present at the signing ceremony. […]

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INDIAN FUNDING FOR ETHIOPIA-DJIBOUTI RAILWAY

At the inaugural ceremony of the Second Africa-India Forum Summit on 24 May, Prime Minister Manmohan Singh of India announced his government’s intention to provide $US300 million towards a new Ethio-Djibouti railway. India will also offer $700 million to establish new institutions and training programmes in consultation with the African Union and its institutions. “Africa […]

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RED SEA BRIDGE

Within the next twenty years, Dubai-based Al Noor Holding Investment Company hopes to build a bridge across the Red Sea linking Africa with the Arabian Peninsula. Spanning 29km between Djibouti and Yemen, it would rate as the largest suspension structure in the world, running between two envisaged new cities, both named Al Noor City, or […]

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150km/hr CONTAINER TRAINS FOR AFRICA

Speaking at the inauguration of his second term in office, President Ismael Omer Guelle of Djibouti appealed for a 6 000km landbridge rail line linking his country’s Gulf of Tadjourah to Cameroon on the Gulf of Guinea. Estimated to cost $US6 billion, the line would run through the Sudan and the Central Africa Republic. Neighbouring […]

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