In a bid to actualize the USD7.8 Billion Bishoftu Airport Project, “Ethiopian Airlines Group in partnership with Africa Development Bank (AfDB), Dar AlHandasah Consultants (DAR), and KPMG brought together a diverse group of stakeholders in a project showcase”. The two-day showcase, according to the airline, was attended by “Ethiopia’s Finance Minister His Excellency Ahmed Shide, Ethiopian Airlines Group CEO Mr. Mesfin Tasew and Executives, representatives from various financing institutions, contractors, suppliers, investors, and others.”
ET said the “project showcase aims to present the structure, financing strategy, and risk allocation framework, including expected roles for Engineering, Procurement, Construction (EPC) to contractors and suppliers, development finance institutions, multilateral and bilateral development banks, commercial banks, export credit agencies and other wide pool of prospective stakeholders.”
Ethiopian Airlines Group CEO Mr. Mesfin Tasew commented, “The Bishoftu mega international airport, Africa’s transformative project, calls for the collaboration of various stakeholders. Ethiopian has already partnered with several institutions for the initial works and will continue to further expand its collaboration with various other stakeholders. This project showcase paves the way for new partnerships, allowing deep insight into the project and its significance in the African aviation landscape and beyond.”
The two-day event includes visit to the site of the airport about 40 kilometers from Addis Ababa and detailed presentation of the project by Ethiopian Airlines. “The project showcase is expected to also promote alignment among participants on expectations, timelines, and structuring considerations in preparation for the formal launch of the syndication process”, said the airline.
The Bishoftu is the largest airport project on the African continent and is poised to accommodate 60 million passengers by 2040. The scope of the airport project no doubt requires the involvement of diverse stakeholders, especially if it is to meet the 2030 commencement date.
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