According to Ethiopia’s Finance Minister, the country plans to privatize part of its road network through public-private partnerships and the government is looking to corporates to help fund its ambitious infrastructure development projects.
Ethiopia plans to double its road network by 2020.
Currently, the country has over 113,000 kilometres of paved roads. Parliament has approved a $13.9 billion budget, most of which will be allocated to infrastructure development.
The planned privatization of the road network is the latest step Ethiopia is taking to open up and modernize the economy.
Earlier this year, the country offered foreign firms stakes in the government-operated Ethiopian Shipping and Logistics Services Enterprise.