Infrastructure
Ethiopia and Fiza Elixer Sign Strategic Transit and Rail Deal
Ethiopia Today · 4 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.
Related
Directive Issued Requiring Government Buildings to Include Gyms and First Aid Stations
The Reporter (Amharic) · 8 minutes ago
New Directive Mandates Gyms and First Aid Facilities in Government Buildings
The Reporter (Amharic) · 19 hours ago
Djibouti, Ethiopia to Break Ground on Landmark $160 million Damerjog Petroleum Terminal
Capital Ethiopia · 3 days ago
Construction Workers Cut Cable, Causing U.S. Flight Disruptions
BBC · 5 days ago