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- President Ruto's Vision of Affordable Housing Projects Taking Shape in Kenya
- Ethiopia Receives $720 Million in Funding for Road Construction Project
- $3.24 Billion to be Invested in Tanzania SGR Construction by Spain
- Ksh700 Billion to be Invested to Complete Pending Kenyan Road Projects
110-mln-USD expansion of Modjo dry port project in Ethiopia begins
Major Chinese construction firm recently launched the construction of a 110 million U.S. dollars Modjo dry port mega expansion project in central Ethiopia.
The Ground-breaking ceremony for the construction of Ethiopia's largest dry port was joined by senior Ethiopian government and World Bank officials.
Dagmawit Moges, Ethiopia Minister of Transport, while speaking at the ceremony, said the expansion of Modjo dry port will revolutionize landlocked Ethiopia's logistics sector.
The Modjo dry port is said to be the key transportation and logistics facilitator between Ethiopia's hinterland and ports in neighboring Djibouti. The enlargement project includes construction of 6 warehouses, several road and pavement works, multipurpose buildings and various operating facilities.
Moges stated, "In the logistics sector, the effect of undertaking successful work on quality, modernization and efficiency is not limited to our country, but will also highlight the role of our trade and logistics in the region as well as globally".
Moges added, "Increasing our logistics capacity will make Ethiopia a flourishing and a desirable destination for investment inflow".
Moges also detailed her country's long-term pledge to increase and modernize the logistics sector.
"In our new 10-year development plan of the sector, we plan construction of many road and rail projects," said Moges.
"This comprises of development of road expressways, development of corridor lines individually and in clusters in addition to development of new dry ports," she mentioned.
Ousmane Dione, the Ethiopian country director of the World Bank which funds the project, applauded the anticipated welfares of the expansion project.
"This is a long anticipated, but extremely significant civil works for the development of Modjo as a colourful logistics hub of Ethiopia," Dione remarked.
The Deputy General Manager of the firm articulated his commitment to undertake a speedy, proficient construction of the project.
"We will try our best to complete this project with quality and efficiency," he added.
Posted on : 09 Jul,2021
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