IFC, the investment arm of the World Bank is interested to finance Ethiopia Djibouti fuel pipeline project

Tigrai Online, Ethiopian News, Nov. 15, 2016

The project will look like similar to the above project, this is a file photo.

The International Finance Corporation, IFC, the investment arm of the World Bank has expressed interest in financing the planned Ethiopia Djibouti fuel pipeline project.

The South Africa- based infrastructure investment group, Black Rhino, has proposed to the Ethiopian government to build a 550-km long pipeline to transport diesel, gasoline and jet fuel from Djibouti port to central Ethiopia. The project is estimated to cost $1.5 billion. The Ethiopian government has reviewed and accepted the proposal in principle.

Backed by the US investment group Black Stone, Black Rhino has undertaken a feasibility study on the project, which is going to be the first fuel pipeline in Ethiopia.

Source: Africa News monitaring