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Tuesday, October 04, 2005

Egypt Takes Part in Financing Dam on Upper Nile in Ethiopia

Arabic News -- 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.

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