Ethiopian Airlines to start building new $5 billion airport this year

Ethiopian Airlines will start constructing a new $5 billion (Sh500 billion) airport later this year, as the rapidly-expanding carrier outgrows capacity at its current base in Addis Ababa.

The airport, which will cover an area of 35 square km, will be built in Bishoftu, a town 39km south east of the capital, and has the capacity to handle 100 million passengers a year, the state-run Ethiopian News Agency quoted Tewolde Gebremariam as saying.

Mr Tewolde noted that the price tag of the new airport was higher than the $4 billion cost of building the still-to-be-completed Grand Ethiopian Renaissance Dam on the Nile, with the projected passenger numbers topping those at Dubai’s international airport.

Read more at Business Daily


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