Ethiopia helps import 2000 trucks from China
- Posted on Friday 11 January 2008 - 10:40Tesfa-alem Tekle, AfricaNews reporter in Mekelle, EthiopiaThe Ministry of Works and Urban Development on Ethiopia is facilitating truck procurement for better performing contractors and transporters who are involved in the government's housing projects. The facility concerns 2000 trucks to be imported from China.
Arkebe Equbai, State Minister of Works and Urban Development, told a press conference on Thursday that the would-be beneficiaries will have to pay upfront thirty percent of the purchasing price of the trucks and will have access to secure loans from the Commercial Bank of Ethiopia (CBE) to cover the balance. The acquisition of the trucks has already been finalized, according to Arkebe.
The trucks are supplied by one of the biggest Chinese car manufacturers called SINOTRUK, Arkebe said. Half of the 2000 heavy-duty cars have a loading capacity of 16 cubic meter while the rest have a 40-ton capacity with trailers. The ministry is finalizing short-listing the would-be contractors and transporters who will be entitled to secure bank loans and purchase the trucks. The dump trucks will be sold to contractors while the others are allotted for transporters.
CGC Overseas Construction Eth. Ltd. yesterday signed an agreement with the government to import the trucks from China. In addition to the importation of the trucks, the ministry will facilitate the procurement of 200 crushers and loaders for the housing development program.
The state minister said that the price of selected materials and other major inputs such as sand and gravel has witnessed unprecedented hike, while the supply was declining due to rising demand. Asked if the price hike in construction materials would increase the price of newly built condos, the state minister indicated that the increase could occur because “the government will not subsidize housing projects.”
The ministry has also implemented other various initiatives including loan facilities to existing and new civil contractors and consultants and ease of requirement to secure licenses in order to enhance the housing development program. New and existing contractors and consultants who are involved in the housing projects will have access to secure up to 250,000 loans from CBE, according to the state minister.
During the last couple of years, the government has launched the construction of condominiums in 36 cities across the country including Addis Ababa, a part of which is being finalized. The government will extend the housing projects to 19 more cities, according to the state minister.
The ministry’s five-year plan ending 2010 envisages the construction of 400,000 condos in different cities across the country, which is projected to consume 20 billion birr.
Keywords: ethiopia development business investment
Reactions
- Posted on Thursday 10 March 2011 03:51We are talking about lots of trucks here. What are they going to do about these trucks? 2000 Heavy duty trucks? Wow. I'm wondering how long do these trucks last because they always carry heavy loads. I'm sure they always have spare truck parts in case these trucks need repair.
- Posted on Friday 16 September 2011 07:56They need to make sure these Chinese trucks are safe. In American a Tampa car accident lawyer can hold the company liable for not following safety conditions.
- Posted on Monday 31 October 2011 21:24secure bank loans and purchase the trucks. The dump trucks will be sold to contractors while the others are allotted for transporters. seo
- Posted on Tuesday 01 November 2011 08:33the ministry will facilitate the procurement of 200 crushers and loaders for the housing development program.Public Relationsmivpl modified this message on 03-11-2011 19:59 with 25%
- Posted on Tuesday 15 November 2011 18:04That´s always good news, not only reactivates economy but also improve relationships between these countries, I am glad when I read good news like that.
Clyde Hazarika Oakville cosmetic dentist - Posted on Sunday 20 November 2011 17:51China will soon eat africa as Europe did it 2 centuries ago.
It's a real problem, and african shouldn't held chinese government in this process.
packshot - Posted on Monday 19 December 2011 09:16Importing trucks from China would be a good boost to the productivity of the construction workers who are working on those housing projects. Getting a newer truck which is able to carry heavier loads is will boost efficiency and safety. There is still much room for growth in the housing market in Ethiopia, and this is only the first step in maximising growth.
Melanie - Carid - Posted on Monday 19 December 2011 12:39But why is the date on the story saying ''posted 2008"?
- Posted on Thursday 05 January 2012 03:45That is very helpful. It provided me a few ideas and I'll be posting them on my web site eventually. I'm bookmarking your site and I'll be back again. Thank you again!
Home Security - Posted on Tuesday 24 January 2012 00:13SINOTRUK has been for years one of the bigger Chinese engines provider for sure, Ministry of works made an excellent decission investing on that company, I hope is well worth it and they have these 2000 trucks for many many years.
Thanks for this information, it was an excellent read!
Willette Tranter - chiropractic care Oakville
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