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African Development Bank to Fund $500 Million for Ethiopia's New Mega-Airport

African Development Bank to Fund $500 Million for Ethiopia's New Mega-Airport

Sputnik Africa

African Development Bank to Fund $500 Million for Ethiopia's New Mega-AirportSubject to board approval, the AfDB's contribution is intended to anchor... 11.08.2025, Sputnik Africa

2025-08-11T15:27+0200

2025-08-11T15:27+0200

2025-08-12T09:04+0200

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African Development Bank to Fund $500 Million for Ethiopia's New Mega-AirportSubject to board approval, the AfDB's contribution is intended to anchor the financing of this transformational regional integration project located near Bishoftu, approximately 45 kilometers southeast of Addis Ababa. The bank seeks to raise $7.8 billion for the airport, which is designed to accommodate 100 million passengers annually. Upon completion in 2029, it will be Africa's largest. Ethiopian Airlines has already secured the design for the ambitious four-runway airport and has committed to contributing 20% of the total $10 billion project cost. The remaining funding will be sourced from creditors.AI-generated imageSubscribe to @sputnik_africa Sputnik Africa | X

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