Ethiopia, Kenya in US$ 700 million road deal

Nairobi-Moyale-Addis Ababa road network
Nairobi-Moyale-Addis Ababa road network

Ethiopia and Kenya have signed a US$ 700 million agreement for the construction of the Nairobi-Moyale-Addis Ababa road network linking the two East African countries.

The road project, to be bankrolled by a loan from the African Development Bank, will cover more than 800 kilometers and implemented in the next three years.

Officials from Kenya and Ethiopia signed the deal on road transport services and Memorandum of Understanding (MoU) in development, management and utilisation of transport corridor on Monday.

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