JAPAN EXTENDS 144 MILLION BIRR GRANT AID TO THE GOVERNMENT OF ETHIOPIA

 
On 25 June 2010, a grant agreement signing ceremony between the Governments of Japan and Ethiopia took place at the Ministry of Finance and Economic Development. H.E Mr. Kinichi Komano, Ambassador of Japan to Ethiopia and H.E. Ato Ahmed Shide, State Minister of Finance and Economic Development, signed the grant agreement. The signing ceremony was held for a General Grant Aid Scheme in which Japan extends a grant amount of  960 million Japanese yen (approximately 144 million Ethiopian birr) to Ethiopia.

The objective of the Grant Aid is to supply equipment including, among other things, excavators, bulldozers, motor graders and dump trucks, to upgrade the capacity of the Ethiopian Roads Authority to prevent and address the recurrent landslide challenges in Abay Gorge, and thereafter to contribute to the efforts of the Government of Ethiopia in securing stable traffic flows. 

Since 1998, Japan has provided a total grant amount of 15 billion Japanese yen (approximately 2.25 billion Ethiopian birr) for the rehabilitation of the Addis - Goha Tsion- Dejen Trunk Road, (223 km) together with the newly constructed Abay Bridge.