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Ethiopia starts construction of the 'African's largest airport' worth $12.5 billion

Ethiopian Airlines officially began a $12.5billion construction project on Saturday for what officials claim will be Africa's largest airport when completed in 2030.

The airport is located about 45 km (28miles) south of Addis Ababa.

Abiy Ali, Prime Minister of Ethiopia, said on X that "Bishoftu Airport International will be the biggest aviation infrastructure?project? in Africa's?history". The airport has space for 270 planes, and can accommodate 110 million passengers per year.

Abiy stated that the airport will reach its capacity in two to three years.

Abraham Tesfaye, Director of Infrastructure Development & Planning at the airline, told reporters that it would finance 30% of the project and lenders would finance what's left.

He said that the earthworks are expected to be finished in one year. The main contractors will begin work in August 2026.

The initial estimate for the project was $10 billion.

The African Development Bank is another creditor. Last August, it announced that it would lend $500 millions and lead efforts to raise $8.7 Billion.

Abraham stated that "lenders from Middle East Europe China and USA showed strong interest in financing the project."

Ethiopian Airlines is Africa’s largest airline. Ethiopian Airlines has added six new routes by 2024/25 and revenues are increasing. (Written by Tim Cocks. Mark Potter edited the text.

(source: Reuters)