The Ethiopian government has secured a $1.4 billion loan from Credit Swiss to complete its 389 km railway projects, local media in Addis Ababa reported Sunday.This railway, if completed, would link DjiboutiÂ€˜s Port through stretches from Awash and Weildia in Amhara Regional state. The local media further reported that the loan agreement would be signed by the Switzerland Finance Group and the Ethiopian Ministry of Finance and Economic Development next Wednesday. The project is expected to be implemented by a Turkish company, Yapi Merkez and is estimated to cost $1.7 billion . Sources further stated that Credit Suisse would provide $1.4 billion while the Ethiopian government would cover the difference of $300 million .
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