Chinese Open New Railway from Djibouti to Ethiopia - News Summed Up

Chinese Open New Railway from Djibouti to Ethiopia


Today, the first electric transnational railway in Africa went into operation from Djibouti City to Addis Ababa, Ethiopia. Also in attendance were Chinese investors, whose 14 billion dollar loan, funded the railway. The newly functioning line will certainly be of benefit for Djibouti and its landlocked neighbor, as it will help optimize trade by cutting travel time between the two countries. The journey is a three to four days by truck, and just 12 hours via the new rail line. “This line will change the social and economic landscape of our two countries,” said Ethiopia’s prime minister, Hailemariam Desalegn.


Source: Ethiopian News February 08, 2017 20:03 UTC



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