The newly-appointed CEO of the Ethiopian Airports Enterprise, Tewodros Dawit, told The Reporter that in line with the Ethiopian Airlines Vision 2025 development strategy the enterprise is undertaking various airport development projects. The Addis Ababa Bole International Airport Passengers’ expansion project is one of them.

According to Tewodros, the expansion project includes the construction of a new passenger terminal as an extensions of the existing Terminal 1 (domestic and regional terminal) and terminal 2 (international terminal) with all related equipment and the construction of a new VIP passengers’ terminal.

The new terminal will house boarding areas, lounges, recreation centers, shopping malls, offices and other facilities. New boarding gates, boarding bridges, and a new parking area are parts of the expansion project. The new parking area will serve passengers and staff members.
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The other major component of the expansion project is the VIP terminal. The first of its type in Ethiopia, the VIP terminal, will be used by leaders, senior government officials, diplomats and other dignitaries. The VIP terminal will have various saloons, lounges, conference rooms, recreation centers, duty-free shops, an IT center and exclusive parking lot.

According to Tewodros, a 250-million-dollar loan has been secured from the government of China. An agreement was signed by the Ethiopian Ministry of Finance and Economic Development and the Chinese government. The Chinese construction firm, China Communications Construction Company (CCCC), will be the contractor for the expansion project.  CCCC is a renowned construction company which is building the Adama-Addis Ababa expressway. CCCC is the parent company of the CRBC, another Chinese construction firm that built the Addis Ababa ring road project and a number of other roads in Addis Ababa.

CCCC brokered the loan deal with the Chinese Export-Import (EXIM) Bank. The loan negotiation took a year-and-a-half. An agreement will be signed by the Ethiopian Airports Enterprise and the Chinese EXIM Bank.
The design work of the expansion project is being undertaken by a Singapore company, CPG. According to Tewodros the final design of the expansion work will be completed after two months. Work on the project is expected to commence next March. The expansion work is expected to be finalized within three years.

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2 comments on “Bole International Airport to see a 250 Million USD Expansion

  1. According to Tewodros, a 250-million-dollar loan has been secured from the government of China. An agreement was signed by the Ethiopian Ministry of Finance and Economic Development and the Chinese government. is it acceptable for ethiopian government?

  2. According to Tewodros, a 250-million-dollar loan has been secured from the government of China. An agreement was signed by the Ethiopian Ministry of Finance and Economic Development and the Chinese government

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