The African Development Bank (AfDB), a multilateral development finance institution provider to African governments and private companies investing in the regional member countries headquartered in Abidjan, Ivory Coast, has been appointed to secure $7.8 million in financing for a new airport in Ethiopia set to become Africa’s largest when completed in 2029.
A formal signing ceremony is scheduled in Addis Ababa, with the presence of AfDB President Akinwuni Adesina and Ethiopian Prime Minister Abiy Ahmed.
The project is being spearheaded by state - owned Ethiopian Airlines, which will contribute 20% of the total $10 billion cost, with remainder sourced from development finance institutions and other lenders.
The new Ethiopian mega - airport is designed to handle up to 100 million passengers annually, the four - runway facility will be located near Bishoftu, a town in Central Ethiopia located in the East Shewa Zone of the Oromia Region, formerly known as Debre Zeyit, the “Mount of Olives”, 47.9 kilometres southeast of the capital of the country Addis Adaba along its route 4 highway.
The town sits at an elevation of 1.920 metres is located within the Bishoftu volcanic field, highlighted by craters lakes created by volcanic explosions, later filled by water, its boutique resorts which makes it one of the premium leisure travellers spot in the vicinity of Addis Ababa and also known to serve as the primary airbase of the Ethiopian Air Force.
The new airport is expected to significantly enhance Ethiopia’s aviation infrastructure and it aims to replace Bole International Airport located in the Bole district, 6 kilometres southeast of Addis Ababa downtown, which is nearing its maximum capacity of 25 million passengers per year.
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https://atta.travel/resource/fundraising-underway-for-new-ethiopian-airport.html
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