BR100 Decreased By (-1.22%)
BR30 Decreased By (-1.43%)
KSE100 Decreased By (-1%)
KSE30 Decreased By (-1.11%)
AGHA 7.70 Decreased By ▼ -0.11 (-1.41%)
BECO 5.15 Decreased By ▼ -0.06 (-1.15%)
BML 56.98 Decreased By ▼ -0.52 (-0.9%)
BOP 33.80 Decreased By ▼ -0.23 (-0.68%)
CNERGY 9.81 Decreased By ▼ -0.15 (-1.51%)
CSIL 5.29 Decreased By ▼ -0.02 (-0.38%)
FCCL 53.05 Decreased By ▼ -1.65 (-3.02%)
FFL 16.51 Decreased By ▼ -0.18 (-1.08%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 7.20 Decreased By ▼ -0.20 (-2.7%)
KOSM 5.72 Decreased By ▼ -0.05 (-0.87%)
LOTCHEM 29.10 Decreased By ▼ -0.22 (-0.75%)
MLCF 91.80 Decreased By ▼ -2.56 (-2.71%)
NBP 201.37 Decreased By ▼ -1.68 (-0.83%)
NCPL 56.38 Decreased By ▼ -0.62 (-1.09%)
NPL 66.50 Decreased By ▼ -1.20 (-1.77%)
OGDC 313.45 Decreased By ▼ -2.39 (-0.76%)
PACE 10.50 Decreased By ▼ -0.14 (-1.32%)
PAEL 41.98 Decreased By ▼ -1.22 (-2.82%)
PIBTL 16.39 Decreased By ▼ -0.35 (-2.09%)
PPL 215.75 Decreased By ▼ -4.03 (-1.83%)
PRL 50.40 Increased By ▲ 1.21 (2.46%)
PTC 69.50 Decreased By ▼ -1.03 (-1.46%)
SSGC 26.96 Decreased By ▼ -1.29 (-4.57%)
TBL 9.70 Decreased By ▼ -0.16 (-1.62%)
TELE 8.68 Decreased By ▼ -0.11 (-1.25%)
TPL 17.80 Decreased By ▼ -0.44 (-2.41%)
TPLP 13.40 Increased By ▲ 0.13 (0.98%)
TREET 22.59 Decreased By ▼ -0.13 (-0.57%)
TRG 59.39 Decreased By ▼ -0.75 (-1.25%)
By

BISHOFTU, (Ethiopia): Ethiopian Airlines on Saturday officially started a USD 12.5 billion construction project for what officials say will be Africa’s biggest airport when completed in 2030 in the Ethiopian town of Bishoftu.

The state-owned airline got the contract to design the four-runway airport in the town located around 45 km (28 miles) southeast of Addis Ababa.

“Bishoftu International Airport will be the largest aviation infrastructure project in Africa’s history,” Prime Minister Abiy Ahmed Ali said on X. The airport will have space to park 270 planes and capacity for 110 million passengers a year.

That is more than four times the capacity of Ethiopia’s current main airport, which will reach its limits on existing traffic in the next two-to-three years, Abiy said.

The airline’s Infrastructure Development & Planning Director Abraham Tesfaye told reporters it would fund 30% and lenders would finance the rest. It has already allocated USD 610 million for earthworks, which are due to be completed in one year, he said at the site, with the main contractors scheduled to start work in August 2026.

The project was initially billed at USD 10 billion.

Comments

Comments are closed for this article.