1. Contractors are paid in US dollars and other foreign currencies
2. Ethiopia doesnt have local industries to produce enough construction materials such as cement, steel, lumber, plastic, glass , electric lamps and wires. In importing them, it also loses foreign reserve.
3. Fuel for construction machines also has to be imported accelerating the depletion of Ethiopia's foreign reserve.
The Corridor Development, without any plans how to recover its costs, will impoverish the war-torn country for a long, long time.
Corridor Dev depletes Ethiopia's foreign reserve
Last edited by Dama on 25 Sep 2024, 18:42, edited 1 time in total.
Re: Corridor Dev depletes Ethiopia's foreign reserve
No worries bro our Werommuna has more grandiose plans of Corridor development in the middle of other towns like Gonder Bishoftu build large fat and wide asphalt roads and across the road fancy dancy buildings across the roads
