AfDB extends $98 mn financial assistance for Ethiopia to Djibouti road project

The African Development Bank (AfDB) has stated that it has sanctioned a $98 million financial package for Ethiopia for a road transport corridor project to neighbouring Djibouti.

The project's total cost is $255 million, comprising an AfDB grant of $98 million to Ethiopia's government, $5.3 million to Djibouti's government, plus a co-financing contribution of $151 million by Ethiopia's government.