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The subsidiary company to be placed in charge of the USD 10 billion megaproject will be fully owned by the Group. The proposed project is an extension for Addis Ababa’s Bole International Airport.
The Ethiopian Airlines Group has unveiled detailed plans to establish a Special Purpose Company (SPC) to develop, finance, and operate its landmark Bishoftu International Airport (BIA) project.
The subsidiary company to be placed in charge of the USD 10 billion megaproject will be fully owned by the Group. The proposed project is an extension for Addis Ababa’s Bole International Airport.
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The detailed plans pertaining to the structure, development, financing and operations of BIA were disclosed during a two-day stakeholder showcase in Addis Ababa that gathered more than 40 institutions, including development banks, contractors, and financiers. Finance Minister Ahmed Shide, Ethiopian Airlines CEO Mesfin Tasew, and representatives from the African Development Bank (AfDB), Dar Al-Handasah Consultants, and KPMG attended the event.
