Ethiopia and South Sudan are collaborating on a project worth $ 738 million to link both countries. The project which entails building a 220-km cross-border road was initially signed the previous year in May. The project would begin as soon as the president of South Sudan gives the final authorization. It is primarily going to be financed by Ethiopia.
According to the Ethiopian Ministry of Foreign Affairs, as seen in the East African publication, South Sudan's Transitional National Legislative Assembly last week verified the funding deal between Ethiopia and South Sudan to build a cross-border roadway.
The ministry relayed that the project is intended to increase connectivity and enhance economic ties between both countries that share a few borders.
This demonstrates the developing collaboration and mutually beneficial partnership between Ethiopia and South Sudan, and the growing interconnectivity amongst the East African Community, which both countries are members of.
Ethiopia has agreed to sponsor the construction of the new road project, as per the financial arrangement.
The agreement names South Sudan as the borrower and Ethiopia as the financier, and the repayment comprises crude oil from South Sudan to Ethiopia.
The only thing delaying the commencement of the project at this point is the go ahead from the South Sudanese president; Salva Kiir.
The East African report shows that Paloich, Maiwut, and Pagak in South Sudan will be connected to Ethiopia's border regions via this project.
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