Nearly 80% of the work is over; a part of $ 475 Mn metro rail system construction by CREC – The China Railway Engineering Corporation and “mostly financed” through a loan from the Export-Import Bank of China.
32 kms long two rail lines connection 39 stations all together (Under-ground and over-ground) in the city of Addis Ababa dividing it north-south and east-west, was launched in January 2012.
The project is expected to make a huge impact on transportation woos in this commercially very important north African city.
Chinese operator Shenzhen Metro will operate the Addis Ababa metro for 41 months alongside CREC.
Addis Ababa is one of the so-called ‘next 10’ cities in sub-Saharan Africa that are expected to see faster economic growth than any other region by 2040.