https://en.sputniknews.africa/20241107/ethiopia-to-lend-south-sudan-738-million-for-construction-of-cross-border-road-report-1069085207.html
Ethiopia to Lend South Sudan $738 Million for Construction of Cross-Border Road: Report
Ethiopia to Lend South Sudan $738 Million for Construction of Cross-Border Road: Report
Sputnik Africa
The agreement on construction of a 220-kilometer highway between the governments of Ethiopia and South Sudan was reportedly signed in 2023. Finance ministers... 07.11.2024, Sputnik Africa
2024-11-07T11:44+0100
2024-11-07T11:44+0100
2024-11-07T12:26+0100
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Ethiopia will lend South Sudan $738 million for the construction of a cross-border road, Ethiopian media reported.According to the news outlet, it is expected that the project is set to improve connectivity between Ethiopia and South Sudan and strengthen ties between the two countries. The report added that Ethiopian engineers will participate in the construction of the road. The loan that Ethiopia intends to provide to South Sudan will include a four-year grace period and will be repayable over ten years, local media reported.
https://en.sputniknews.africa/20240709/ethiopia-south-sudan-work-together-to-build-alternative-oil-transportation-infrastructure-1067436051.html
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east africa, ethiopia, south sudan, finance, finance minister, construction, bilateral relations, agreement
east africa, ethiopia, south sudan, finance, finance minister, construction, bilateral relations, agreement
Ethiopia to Lend South Sudan $738 Million for Construction of Cross-Border Road: Report
11:44 07.11.2024 (Updated: 12:26 07.11.2024) The agreement on construction of a 220-kilometer highway between the governments of Ethiopia and South Sudan was reportedly signed in 2023. Finance ministers of the two African countries participated in the ceremony of signing the document.
Ethiopia will lend South Sudan $738 million for the construction of a cross-border road, Ethiopian media reported.
According to the news outlet, it is expected that the project is set to improve connectivity between
Ethiopia and South Sudan and strengthen ties between the two countries. The report added that Ethiopian engineers will participate in the construction of the road.
The loan that Ethiopia intends to provide to
South Sudan will include a four-year grace period and will be repayable over ten years, local media reported.
