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Herald: Egypt takes part in financing dam on upper Nile in Ethiopia
Egypt-Ethiopia, Economics, 10/4/2005
The Ethiopian government intends to build the biggest ever dam in the country with investments amounting to 800 million dollars.
The Ethiopian Herald newspaper said that the big dam is one of several dams to be built during the coming years.
The newspaper said that the dam falls within the framework of an agreement signed in 2001 by Egypt, Ethiopia and Sudan.
According to the newspaper, Egypt and Sudan will shoulder part of the dam construction costs.
Feasibility studies of the dam are expected to be completed by mid 2006.
Previous Stories:
Irrigation Minister: Egypt can obtain additional quota of Nile water
(9/7/2005)
Trade with Ethiopia up 21%
(8/8/2005)
Ethiopia willing to increase investments with Egypt
(3/19/2005)
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