Ethiopian Railways Corporation Signed Memorandum with Korail

Ethiopian Railways Corporation and South Korean operator Korail signed a memorandum of understanding. This document strengthens the partnership between both organizations and sets the stage for future agreements. This is reported by the railway transport news portal Railway Supply.

The memorandum aims to improve the efficiency of railway transportation in Ethiopia. Both companies actively work on enhancing transport infrastructure and sharing expertise in this field.

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Together they established the “Korea-Ethiopia” railway working group to advance the sector. The group regularly exchanges data and introduces innovations to modernize the transport system.

Ethiopian Railways Corporation Launches Major Project

In January, the company announced a tender for a 392-kilometer standard-gauge railway line. The new route connects Awash to Kombolcha and Hara-Gebeya in the north.

The Awash-Kombolcha-Hara-Gebeya line links eastern and northern economic regions for development. Moreover, it integrates with the Mekele-Hara-Gebeya-Tadjoura and Addis Ababa-Djibouti routes.

Ethiopia’s economic zones gain new opportunities through the expansion of the railway network. Thus, businesses can transport goods faster and strengthen trade ties within the country.

Ethiopian Railways Corporation Attracts Technology and Investment

South Korean company Korail brings advanced technology and extensive railway management experience. This collaboration accelerates the modernization of Ethiopia’s transport system and boosts its competitiveness.

The “Korea-Ethiopia” working group already started analyzing current railway infrastructure needs. Experts actively seek ways to improve logistics and implement modern standards in operations.

The tender for the line construction attracted international investors and major companies. Because the project promises significant economic impact and strengthens Ethiopia’s regional position.

The new railway line enhances access to ports and markets for northern regions. Entrepreneurs can reduce logistics costs and increase the volume of exported goods.

Ethiopia aims to become East Africa’s transport hub through such large-scale projects. And collaboration with Korail brings the country closer to achieving this ambitious goal.

Modernizing railways opens prospects for attracting foreign investment into Ethiopia’s economy. But the project’s success relies on coordinated efforts and sufficient funding.

The Awash-Kombolcha-Hara-Gebeya project marks a key step in developing infrastructure and economy. The companies confidently progress toward achieving their set goals and objectives.

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