ETHIOPIA: The Export and Import Bank of China has reached agreement with Ethiopian Railway Corp to finance the proposed light rail project in Addis Abeba.

A 30 km T-shaped network is envisaged with one line running from east to west connecting the Ayat roundabout with the Torhailoch ring road. The second route would run from Menelik Square to Merkato Bus Station, via Sebategna and Abenet, to link up with the east-west line. The shared track would continue towards Meskel Square and south to Akaki.

The network is expected to carry 20000 daily passengers, relieving transport congestion in the Ethiopian capital.