Chinese to finance $10bn Ethiopian airport project
Boeing has long supplied aircraft to Ethiopian Airlines. China pledges $500 million for Ethiopia’s $10 billion airport, boosting plans for Africa’s largest aviation hub.
A Chinese bank has pledged $500 million to finance the construction of Ethiopia’s multibillion dollar airport in Bishoftu near the capital Addis Ababa.
Ethiopian Airlines Group CEO Mesfin Tasew Bekele did not disclose the lender’s name, but confirmed the commitment as a significant step forward for the project, which has an estimated total cost of $10 billion, and is being financed through a combination of debt and equity.
