Turkey and India help Djibouti Railway
Posted: 12 Jul 2012, 07:59
TURKISH & INDIAN HELP FOR DJIBOUTI RAILWAY
Railways Africa On July 10, 2012 In Ethiopia
The Overseas Infrastructure Alliance (OIA), an Indian company, has been awarded a $US78 million contract for the design and survey of the planned new Mekelle-Djibouti railway by the Ethiopian government. The signing was followed by the extension of a $300 million line of credit by the Indian government in support of the rail project. A Turkish firm is to build a section of the line for $1.7 billion. Chinese companies hold contracts to completely reconstruct the rest of the line to Addis Ababa, the Ethiopian capital.
Railways Africa On July 10, 2012 In Ethiopia
The Overseas Infrastructure Alliance (OIA), an Indian company, has been awarded a $US78 million contract for the design and survey of the planned new Mekelle-Djibouti railway by the Ethiopian government. The signing was followed by the extension of a $300 million line of credit by the Indian government in support of the rail project. A Turkish firm is to build a section of the line for $1.7 billion. Chinese companies hold contracts to completely reconstruct the rest of the line to Addis Ababa, the Ethiopian capital.