(by Andegna Tube) The Ethiopian Roads Authority (ERA) has signed “design-build and maintain” road project contract worth over 5.7 billion Birr on Friday with two Indian and one Spanish construction companies. The construction consisting three projects that the Indian, IL and FS Transportation Networks Limited and JMC Project as well as Spanish’s Elsamex S.A will take the responsibility of construction on the three lots.
Elsamex S.A, IL and FS Transportation Networks Limited will join hands on the construction of two lots, which are, the 86.1km Nekemt-Anger-Gutin-Andobe road, and the 84.5 Agamsa-Bure asphalt roads. The two lots will cost 1.9 Billion Birr and two billion Birr, respectively. JMC Projects, will also operate on the construction of 87.6km long Andobe-Agamsa road at a cost of 1.8 billion Birr.
Nekemt to Bure road project an upgrade of the 257.2km road, which is going to be constructed between Amhara and Oromia regions on three different lots with a cost of over 5.7 billion Birr.
The road project budget has been secured from the World Bank loan. The companies will complete the design and construction of the road projects within three years period and will also take management responsibility for five years. (Andegna Tube)