Tuesday, February 7, 2012

Ethiopia, Djibouti, South Sudan to build joint infrastructure

Regional allies Ethiopia, Djibouti and South Sudan have, earlier this week, sealed a landmark tripartite deal to build telecom and railway networks, oil pipelines and duty free zones to link their economies via multimillion infrastructure projects.

Under the new agreement, the three countries will build railway networks linking them, while Ethio- Djibouti existing telecom optical fiber will be extended to South Sudan.
An oil pipeline from oil producer South Sudan via Ethiopia will reach Djibouti which will host a duty free zone for the three economies’ joint ambition to interlock to one another.

Since Ethiopia fought Eritrea over border conflicts in 1998, it has turned to Djibouti for its exports and imports gateway. A neighboring Djibouti rents a port for Ethiopia’s landlocked but growing economy and the addition of the oil-rich South Sudan which is bordered by Ethiopia to the east makes the three countries’ deal a mutually benefiting partnership.
Ethiopian Minister of Finance and Economic Development Sufian Ahmed, Djiboutian Minister of Economy and Finance Ilyas Moussa Dawaleh and South Sudan’s Minister of Finance and Economic Planning Kosti Manibe Ngai inked the landmark deal on Thursday at the Sheraton Hotel in Addis Ababa
Read Full Article from capitalethiopia.com

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