miércoles, 5 de octubre de 2016

Made in China; Ethiopia launches new railway to Djibouti

*A 750-km railway line linking Ethiopia's capital, Addis Ababa and Red Sea state of Djibouti was formally inaugurated on Wednesday.* The Chinese built project is to create new manufacturing industries, improve transport and further open up landlocked Ethiopia. The new railway line is expected to cut the journey time to under 10 hours. Ethiopia is seeking to have 5,000 km of new lines working across the country by 2020.

Ethiopia opens a multibillion-dollar railway line this Wednesday. The 7 50-kilometre track links the capital Addis Ababa with the port of Djibouti. The project took four years to complete and has cost more than three billion dollars. 70 per cent of the money came from a loan from Chinese banks, while the remaining 30 per cent was covered by the Ethiopian government. The trip between Addis Ababa and the port of Djibouti used to take 10 days, but the railway line cuts that to 10 hours.

Ethiopia plans to use Ethiopia-Djibouti railway to boost its economy. The country envisages imports and exports via the Djibouti port will increase significantly, and in turn improve the competitiveness of its economy.

The Ethiopia-Djibouti line is the first railway to utilise a complete set of Chinese standards outside the country. From equipment to management, the export of Chinese standards sets a new standard for cooperation between China and Africa. Hu Chu Qiao has more.

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