No Financial Shortage Threatening Ethiopian Dam Construction

No Financial Shortage Threatening Ethiopian Dam Construction
Ethiopia’s Grand Renaissance Dam currently under construction

AFRICANGLOBE – Ethiopian Prime Minister Hailemariam Dessalegn confirmed that there is no financial constraint threatening construction of the Grand Ethiopian Renaissance Dam.

Speaking at the 39th regular session of the House of Peoples Representatives on Thursday, PM Hailemariam said that construction of the Dam will never stop because of shortage of finance.

The public is expected to contribute 10 to 15 percent of the required amount for construction of the Dam, the Premier said, adding, the federal government and the Ethiopian Electric Power Corporation will cover the balance.

PM Hailemariam said so far some 22 per cent of construction of the Dam is completed and urged the public to strengthen support towards the same purpose.

The Premier on the occasion responded to different questions raised by MPs among which the nation’s economic growth is one. Hailemariam said the economy is expected to grow by 11 percent in the current year.

The Growth and Transformation Plan’s base case scenario of economic growth which is 11 percent is being achieved. This is to be welcomed as there is no country in the world is registering such economic growth at this moment, Hailemariam said.

He also noted that activities are underway to make the economic growth continue.