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| Addis Ababa – Adama Expressway |
Ethiopia’s first expressway, Addis Ababa – Adama Expressway, generated 78 million Birr income during the first six months of the current fiscal year.
According to the Tewodros Asrat, Finance Team Coordinator at Ethiopian Toll Roads Enterprise, currently, the expressway in average serves 14,000 vehicles per day and generates 450,000 Birr income in the mean time.
The coordinator further explained the expressway’s income might surpass previous year’s gross income.
It was back in 2014 that the toll road went operational with a 6 lane expressway and 7 toll stations. The road has eight toll booths and it is equipped with surveillance cameras, lights and fences throughout the entire 85 kilometers. It also has 48 gates, 8 large bridges and 77 smaller bridges.
The toll way was built at a cost of 11.2 billion Birr out of which the Chinese Exim Bank financed 350 million USD.
Source: Fortune
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