Nation Saves 2.8 Mln USD from Logistics

Addis Ababa July 21/2020(ENA) A reform undertaken over the past one year to improve the logistics service sector in Ethiopia has enabled the nation to save 2.8 million USD, according to Minister of Transport, Dagimawit Moges. 

Dagimawit told ENA that the new reform measures have improved the logistics service system that was tedious and incur the nation for unnecessary expenditure due to for instance a prolonged time spent by Ships docked at the sea ports.  

Following the reform, the time spent by the Ships on the sea ports has reduced to 17 days from the previous 22 days, she said.

Locally packed freights to be transported via the port of Djibouti have also increased from 33 percent to 51 percent, Dagimawit added.

According to the minister, the reform undertaken in collaboration with all stakeholder has  helped to establish a harmonized system at the Industrial Parks to facilitate export trade.   

"The logistic reform targeted on developing a much integrated system in all industrial parks so as to create  market access to export trade and strengthening mutual communication."

As a result of  the overall reform measures, the nation has saved 2.8 million USD during the concluded budget year, the minister said.