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Agreement Signed For US$2 Billion Chinese Loan For 756-KM Addis-Djibouti ADDIS ABABA, May 23 (BERNAMA-NNN-ENA) -- Ethiopia, Djibouti and China have signed an agreement for a loan of more than US$2.0 billion from China's Export-Import Bank for the construction of the 756-kilometre Addis Ababa-Djibouti railway project. The loan will also cover the cost of the remaining 100 km of the railway projectthat extends from the Ethiopian border with Djibouti to the Port of Dorrale in Djibouti. The project will play a pivotal role in reducing the time for landlocked Ethiopia to access the Djibouti port and contribute to the economic growth of Ethiopia. The agreement was signed here Wednesday by the Chief Executive officer of the Ethiopian Railways Corporation, Dr. Getachew Betru, the Minister of Economy and Finance of Djibouti, llyas Moussa Dawazeh, and the China EXIM Bank Vice-President, Zhu Xinqiang, and witnessed by Ethiopian Prime Minister Hailemariam Dessalegn and other officials. |