AfDB Backs Ethiopia's US$10 Billion Aviation Megaproject

US$10 billion Ethiopian Airlines–AfDB airport project takes off

Ethiopia has begun preparations for a US$10 billion plan to build Bishoftu International Airport (BIA), set to rival the world’s largest hubs. The African Development Bank (AfDB) will lead the financing effort, aiming to mobilise nearly US$8 billion. It will also provide US$500 million, subject to Board approval. The mandate letter was signed by Ethiopian Airlines Group Chief Commercial Officer Lemma Yadecha and AfDB President Dr Akinwumi Adesin…

The $10 Billion Mega-Airport Financing Partnership Between Ethiopian Airlines and African Development Bank Takes Off

Ethiopia’s ambition to build a new international airport that will rival some of the world’s biggest, took off on Monday with a monumental signing ceremony marking the African Development Bank’s role (www.AfDB.org) as the initial mandated lead arranger, global coordinator and book runner to mobilize nearly $8 billion of the $10 billion needed for the mega project. The Bank plans to provide financing of $500 million, subject to Board approval. Th…

AfDB Backs Ethiopia's US$10 Billion Aviation Megaproject

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/afdb-backs-ethiopias-us10-billion-aviation-megaproject/Ethiopia secured crucial momentum for its ambitious Bishoftu International Airport this week as the African Development Bank committed to arrange nearly $8 billion in financing. AfDB President Dr. Akinwumi Adesina and Ethiopian Airlines Chief Commercial Officer Lemma Yadecha signed a landmark mand…

US$10bn Ethiopian Airlines/AfDB financing deal takes off - Zimbabwe Situation

Reporter ETHIOPIA’S ambition to build a new international airport that will rival some of the world’s biggest, took off on Monday with a monumental signing ceremony marking the African Development Bank’s role as the initial mandated lead arranger, global coordinator and book runner to mobilize nearly US$8 billion of the US$10 billion needed for the mega project. The regional bank plans to provide financing of US$500 million, subject to board app…

Africa’s Largest Airport Project Secures $10B Backing From Ethiopian Airlines, AfDB » News.ng

Ethiopia’s ambition to build a new international airport to rival some of the world’s largest took off on Monday with a historic signing ceremony that marked the African Development Bank’s role as the initial mandated lead arranger, global coordinator, and bookrunner to raise nearly $8 billion of the $10 billion required for the megaproject. The Bank intends to offer $500 million in financing, subject to Board approval. The mandate letter was si…

Ethiopian Airlines and African Development Bank sign partnership

Ethiopia’s ambition to build a new international airport that will rival some of the world’s biggest, took off on Monday with a signing ceremony marking the African Development Bank’s role as the initial mandated lead arranger, global coordinator and book runner to mobilize nearly $8 billion of the $10 billion needed for the mega project. The Bank plans to provide financing of $500 million, subject to Board approval. The mandate letter was signe…