Tag Archives: Light Rail Projects

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?