GREY:ETPHF - Post by User
Post by
bob--ten1on Dec 19, 2011 9:38am
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Ethiopia signs railway deal with China
Ethiopia signs railway deal with China12/18/11
Ethiopia signs Mieso-Djibouti railway deal with China
By Aaron Maasho
ADDIS ABABA (Reuters) - Ethiopia signed an agreement with aChinese state-run firm to build the final section of a railway line thatwill link its capital Addis Ababa to the tiny Red Sea state ofDjibouti, an official said.
The deal signed late on Friday with the China Civil EngineeringConstruction Corporation (CCECC) covers a 339-kilometre line that willjoin another project to connect the capital with Djibouti.
"This agreement is a contract to construct between Mieso, which ishalf way from Addis Ababa, to the Djibouti border," Getachew Betru,general manager of the Ethiopian Railways Corporation, told Reuters.
Ethiopia and Djibouti's economies are reliant on each other withabout 70 percent of all trade through Djibouti's port coming from itsland-locked neighour.