New freight terminal at the Addis Ababa Airport

The project involves building a hangar with a capacity to manage up to 600,000 tons of freight a year.It comprises:- A refrigerated area for a separate handling of meat and horticultural products,- An area for dry products, such as leather,- A specific parking area for up to eight Boeing 747-800 (one of the biggest cargo aircraft) to be parked simultaneously.This project will increase exported volumes, mainly for vegetable products (which accounted for 43% of EAL’s freight traffic in 2015), cut flowers (9%) and meat (5%).Ethiopian Airlines is the contracting authority and beneficiary of the loan. These facilities are intended to support the development of Ethiopian Airlines’ freight activity and meet the requirements of the other airlines who charter to Ethiopia.The total project cost is estimated at 115 million euros: 10% financed by EAL and the remaining by AFD (70 million euros) and Germany’s KfW-IPEX (33.4 million euros).