Director General of Ethiopian Railway Corporation (ERC), Engineer Getachew Betru and Board Member of Yapi Merkezi, Erider Arigoru signed the agreement.
The railway line which would get through a tunnel would be constructed with a state of the art technology.
Deputy Prime Minister and Foreign Affairs Minister, Hailemariam Dessalegn, who is also board chairman of ERC, expressed optimism that ‘Yapi Merkezi’ would accomplish the construction work successfully realizing the topography of the area.
The project would cost 1.7 billion US Dollars and is expected to be completed in 42 months.
The first phase of the National Railway Project would concentrate on five designated routes to be completed by 2014-15.