Mega projects in ethiopia
Friday, October 26, 2012
Status Of Ongoing Mega Projects in Ethiopia
Prime Minister Hailemariam briefed the house on the status of the ongoing mega projects that includes the construction of the GrandEthiopian Renaissance Dam (GERD), sugar, and fertilizer factories and railway infrastructure.
He said, despite the mild delay in sugar projects the implementation of the projects were encouraging. He added that the performanceover the past year was a clear signal to achievability of the targets set in the GTP over the coming three years. In relation to getting finances for the projects, he said loans are secured from India, Turkey and China to finance railway projects.
He also noted that the Addis Ababa- Djibouti railway project which is accorded primacy to address problems of importing capital goods has started in June. Also he said "11 % of the GERD is so far completed" adding that "the construction of the dam is progressing according tothe timeline set in the plan". Asked whether lack of finances may delay the construction of the dam, he said "from the outset we have decided to build the dam through local fiancés. In that regard we are sucesfull in increasing national saving’s to 9% which is one the major of potential source of finances to the project".
He also touched up on problems related to quality of service in telecom and electric power and on ways devised to tackle the problems.
Sai Krishna at 9:09 AM
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