Tag Archives: Ethiopia Railway Debt

Botched Addis Ababa-Djibouti Railway Project a Warning to Belt and Road Investors

Planning behind many China-led projects abroad [in Africa] has been ‘downright inadequate’ and costly

Lessons should be drawn from the poorly executed US$4 billion Addis Ababa-Djibouti freight railway, warns head of China’s export credit insurer Sinosure.

BY ERIC NG | SOUTH CHINA MORNING POST

The planning behind many of China’s major infrastructure projects abroad has been “downright inadequate”, leading to huge financial losses, according to the head of the country’s state export credit insurer. Continue reading Botched Addis Ababa-Djibouti Railway Project a Warning to Belt and Road Investors

Ethiopia: Another TPLF White Elephant for Sale?

Is the TPLF setting up the ‘Ethiopian Railway Line’ for a fire sale?

There is the midas touch that turns everything to gold. Then there is the TPLF touch which turns gold into _ _ _t. Today, the Ethiopian Railway Projects and the Addis Ababa Light Rail Projects, two white elephant projects, are derailed and teeters on the edge of financial disaster.

By Prof. Al Mariam,

The “Ethiopian Railway Line” opened in October 2016 with all the bells and whistles. Today it is derailed and teeters on the edge of financial disaster. The TPLF (Tigrean People’s Liberation Front) last week announced that the “Ethiopian Railway Corporation” (“ERC”) is drowning in an ocean of debt.

According to a report in the online version of “The Reporter”, a “private newspaper published in Addis Ababa”, Getachew Betru, “CEO” of “ERC” informed the “Ethiopian Parliament” that the Corporation is 102.5 billion birr in the red. Continue reading Ethiopia: Another TPLF White Elephant for Sale?