US EditionAfrica: AfDB Signs Agreement to Mobilize $8b for Construction of Africa's Largest Airport in Ethiopia
EAST SHEWA, OROMIA, ETHIOPIA, AUG 11 – The African Development Bank will lead $8 billion in debt financing for Bishoftu International Airport, designed to handle 60 million passengers annually and boost Ethiopia's aviation capacity.
- On Monday in Addis Ababa, the African Development Bank signed an agreement to mobilize up to $8 billion for constructing Bishoftu International Airport in Ethiopia.
- The agreement came in response to Ethiopia's need to overcome capacity challenges at Addis Ababa's Bole International Airport, which is currently operating close to its maximum designed passenger capacity of around 22 million.
- Bishoftu International Airport will be located 40 km southeast of Addis Ababa in Abusera, with initial capacity for 60 million passengers and planned expansion to over 110 million annually.
- AfDB committed up to $500 million, pending board approval, to anchor this $10 billion project, while Ethiopian Airlines will fund 20%, framing the airport as a transformative hub for African connectivity.
- Construction is set to start in late 2025 with completion in 2029, and the airport aims to position Ethiopia among the world's top 20 aviation hubs by 2035, supporting regional integration goals.
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18 Articles
African Development Bank to provide $500m for Ethiopia's new airport
The African Development Bank will contribute $500m (R8.86bn) towards financing a new airport in Ethiopia — which is expected to be Africa's largest when completed in 2029 — it said on Monday.
African Development Bank to finance $500 million of Ethiopia's new airport
ADDIS ABABA, Aug 11 (Reuters) – The African Development Bank will contribute $500 million towards the financing of a new airport in Ethiopia – which is expected to be Africa’s largest when completed in 2029 – it said on Monday. State-owned Ethiopian Airlines has signed an agreement for the design of the four-runway airport near […] The post African Development Bank to finance $500 million of Ethiopia’s new airport appeared first on Modern Diplom…
Africa: AfDB Signs Agreement to Mobilize $8b for Construction of Africa's Largest Airport in Ethiopia
Addis Abeba -- The African Development Bank Group (AfDB) has signed an agreement with Ethiopian Airlines Group to mobilize $8 billion for the construction of Bishoftu International Airport, which is set to become Africa's largest airport upon completion.
Is this another step towards the realization of Ethiopia's mega-air project? The African Development Bank (ADB) is providing $500 million for the project of a new international airport in Bishoftu, south-east of Addis Ababa. The goal is to attract funding to this $10 billion infrastructure that will make Ethiopia the first air hub in Africa.
AfDB provides $500M for new Ethiopian airport
The African Development Bank will contribute $500 million for the construction of a new international airport in Ethiopia that is expected to carry 100 million passengers a year by 2029.The AfDB’s contribution, when approved by its board, follows the bank’s designation as the lead arranger to raise nearly $8 billion for Bishoftu International Airport, which will be located 45 km outside the capital Addis Ababa. The airport will be a boost for st…
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