AFD Grants €18M for Urban, Geothermal Dev’t

Through its French Agency for Development (AFD), France has pledged 18 million Euros to the government of Ethiopia for urban and geothermal development programs.

Admasu Nebebe, state minister of Finance & Economic Cooperation (MoFEC); Frederic Bontems, French Ambassador to Ethiopia; and Ignace Monkam-Daverat, AFD Regional Manager in Addis Abeba signed the agreement.

A total of 10 million Euros has been allocated for urban development, a program co-financed by the World Bank and the Government of Ethiopia for expansion of urban infrastructures and for services that strengthen the capacity and performance of urban administrations. The remaining eight Euros were granted to Tendaho Geothermal Project to complete the drilling and exploration activities in the Afar region.

The fund was granted by the European Union through the European Union Africa Infrastructure Trust Fund (EU-AITF). This project has also received 16.5 million Euros concessional loans from both donors.

The programmes would be implemented by the Ministry of Urban Development & Housing (MoUDH) and the Ethiopian Electric Power (EEP), in coordination with Geological Survey of Ethiopia (GSE).

Published on Jun 24,2018 [ Vol 19 ,No 948]



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