ADDIS ABEBA – The Governments of Ethiopia and Japan signed an Exchange of Notes for 13 million US dollars grant to finance a road maintenance project in Addis Ababa.
The fund will finance the “Project for the Improvement of Equipment for Road Maintenance in Addis Ababa City”.
The agreement was signed on Monday between Ethiopia’s Finance minister Ahmed Shide Matsunaga Daisuke, Ambassador of Japan to Ethiopia, in the capital.
During the signing ceremony, Ambassador Matsunaga said that Addis Ababa is the capital of Ethiopia and the hub of African politics since the establishment of the AU.
It also hosts one of the largest diplomatic communities and organizations including the UN Economic Commission for Africa (UNECA).
This makes Ethiopia’s capital, the ambassador said, entertain many people coming to Addis Ababa from Africa and the rest of the world.
The grant will contribute in making the visitors movement in the city easy by supporting the road project, the ambassador said.
“Most importantly, this project will contribute to the economic revitalization and the improvement of access to social services in Addis Ababa,” he added.
He also pledged that his government would continue to support Ethiopia’s development endeavors through various Japanese assistance projects, as well as through other modalities of assistance.