The first phase of the Institutional Cooperation Instrument (ICI ) GSE-GTK project was lunched here on Monday .The project would last in 2012.
Speaking at the launching of the project Mine and Energy State Minister, Sinkinesh Ejigu said the project will have a great contribution to enhance the human resource of GSE.
She said the project helps accredit maps and reports of geological science and help for the exploration of minerals, ground water resource and petroleum, among others.
Finnish Embassy First Secretary, Virpi Konkare also said the multi-lateral economic cooperation of the two countries will be enhanced further for the implementation of the five year National Growth and Transformation Plan.
Project Manager, Dr. Tigist Cherenet on her part said the project enhances geo-information production, development of modern geological information system (GIS), remote sensing and management of geological information.
She said the project is designed to meet the needs of Ethiopia in developing the mineral sector and help supply an input to the industrial development and mitigate poverty.
Improved geo information system is said to be vital for the management of natural resources, develop national economy, attract foreign direct investment, monitor and evaluate geo-hazards.
The project which would be implemented in various phases will help build capacity to accelerated production of geological information and meet the needs of society concerning natural reserves and land use.
Reworking the already existing data, processing and distributing information, purchasing required hard ware and soft ware and training personnel, among others are the major aims of the project.