AFRICANGLOBE – General Manager of the Ethiopian Railways Corporation, Dr. Getachew Betru, said Ethiopia is negotiating with Brazil, Russia and India for a financial arrangement for its railway projects.
He pointed out the possibility of fund from Russia to build the 587-kilometer (365-mile) southern line which will extend to Kenya’s port of Lamu in northeastern coast.
He further pointed out promising interest from Brazilian companies to build a 439-kilometer section of a rail route to South Sudan and India is considering export financing for a rail line to be linked with Djibouti port.
The Railways Corporation has also agreed on terms last year with Chinese and Turkish companies for other routes. China Civil Engineering Construction Corp. and China Railway Group Ltd. are working on sections of the 656- kilometer trade route connecting Addis Ababa to Djibouti at an outlay of over $1 billion each.
Ethiopia, in its five-year Growth and Transformation Plan that runs until mid-2015, is building 4,744 kilometers of electrified railway lines at a cost of $5.9 billion (110.8 billion birr) to satisfy demands of its fastest growing non-oil producing economy. Also included is a plan to build more than 2,000 kilometers of standard-gauge track.