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Ethiopia: African Development Bank to invest $500 million in airport

Africanews · Current
Africanews
Africanews
Current

The African Development Bank will be leading efforts to raise as much as $8 billion for the airport's construction.

Breakdown
  • African Development Bank pledges $500 million for new Ethiopian airport.
  • The bank leads efforts to raise up to $8 billion for the project. 9s
  • Ethiopian Airlines will provide 20% of the total $10 billion funding. 19s
  • The new airport will be able to handle 110 million passengers annually. 44s
  • Construction is expected to start soon and finish in 2029. 51s
AviationEngineering & Construction