Ethiopian Delegation Advances Airport Financing Talks with Bank of China

Addis Ababa, April 1, 2026 (ENA) —An Ethiopian delegation comprising officials from the Ethiopian Airlines Group and the Ministry of Finance has held productive discussions with the Bank of China to advance financing plans for the country’s new airport project.

During the meeting, the delegation presented detailed updates on the project’s technical design, implementation timeline, and overall financial structure, ENA learned.

Officials also highlighted recent progress in project preparation, including optimization efforts aimed at improving efficiency, strengthening bankability, and ensuring long-term fiscal sustainability.

The Ethiopian Airlines Group underscored the strategic importance of the new airport, noting its potential to reinforce Ethiopia’s position as a leading aviation hub in Africa while boosting trade, tourism, and broader economic growth.

The Bank of China expressed strong interest in supporting the initiative, citing its experience in airport investments and its focus on high-impact infrastructure projects across the continent.

The bank indicated that the project aligns with its expertise in large-scale transport financing.

It also confirmed ongoing engagement with the African Development Bank, the project’s mandated lead arranger, to better understand the financing structure and explore collaboration opportunities.

Discussions further covered potential financing models, coordination with prospective lenders, and alignment on due diligence requirements.

Both sides agreed to maintain close coordination moving forward, emphasizing the importance of continued information sharing and collaboration to position the Bank of China for potential participation in the financing package.

The meeting concluded with a shared commitment to work together to support the successful financing and implementation of the project.