Construction of a Chinese-funded electric railway, linking Ethiopia’s capital along its main trading route to neighboring Djibouti, has been completed, providing the African nation with much-needed improved rail access to a seaport, The Wall Street Journal reports. The $4 billion project, implemented by China Railway Engineering Corp. and China Civil Engineering Construction Corp. will be commissioned next month. The government is pinning its hopes on the freight and passenger transportation project, which was started three years ago, to boost robust economic growth that has outstripped regional peers in recent years. Driven by cash-crop fueled agriculture and a growing urban population, Ethiopia posted average economic growth of 9.8% a year during the first half of this decade. The landlocked nation close has closely followed China’s economic and political model.
You must log in to post a comment.