Infrastructure
Ethiopia and Fiza Elixer Sign Strategic Transit and Rail Deal
Ethiopia Today · 3 hours ago · Read the Full Story on Ethiopia Today
AI SUMMARY
The Ethiopian Railways Corporation has signed a framework agreement with Fiza Elixer Infrastructure to modernize rail transit, expand green mobility, and boost domestic manufacturing.
- The Ethiopian Railways Corporation signed a Master Framework Agreement with Fiza Elixer Infrastructure Pvt. Ltd.
- The partnership aims to expand commercial transport projects, enhance financial sustainability, and modernize rail and electric transit infrastructure.
- Eng. Sileshi Kassa stated the deal will generate revenue, create jobs, transfer technology, strengthen local production, and bring in foreign exchange.
- Muhamed Faruguddin emphasized that the framework builds a foundation for capital mobilization, institutional capacity, and joint commercial development.
- The agreement includes transforming the Kombolcha Workshop into a hub for railway maintenance and spare parts manufacturing.
- The Addis Ababa Light Rail Transit system will be upgraded with automated electronic ticketing, new train sets, and modernized networks.
- The initiative includes green mobility expansion such as electric vehicle charging stations and electric buses in Addis Ababa.
- Seyoum Gezemu confirmed that each project will undergo technical and financial feasibility studies before execution through Special Purpose Vehicles.
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