ERA Signs 2.6 Billion Birr Road Upgrading Agreement

Addis Ababa, June 28, 2011 (Addis Ababa) -The Ethiopian Roads Authority (ERA) signed here on Monday an agreement providing for upgrading of four roads at a cost of 2.6 billion Birr with local and foreign private construction firms. The agreement was signed by Authority Director-General, Zaid Woldegabriel and Satcon Construction General Manager, Samuel Teklay and SunShine Construction General Manager, Samuel Tafesse and President of HAWK International Finance and Construction Co. Ltd, Mohammed Hizam. According to the agreement, Laska-Salayish, Arkit-Hossaenna, Mehal Meda and Dejen-Felegeberhan are the roads which will be upgraded. The roads, whose total length covers 353 kms are part of the Fourth Road Sector Development Program. Some of the roads will be upgraded to asphalt level, according to the agreement. Over 90 per cent of the fund for the construction of the road will be covered by the government while the balance by the World Bank. (ENA)