Ethiopian Airlines to pick lead contractor for Bishoftu project in June

The Ethiopian Airlines Group (EAG) is advancing its Bishoftu International Airport project, a $12.5 billion initiative aimed at elevating Ethiopia's global aviation role. Located 40 kilometers southeast of Addis Ababa, the site has begun construction with initial groundwork. The group plans to select a principal contractor by June.

The Ethiopian Airlines Group (EAG) is steadily progressing with its ambitious Bishoftu International Airport project, valued at $12.5 billion and intended to strengthen Ethiopia's position in global aviation. Situated 40 kilometers southeast of Addis Ababa, the site marks a significant step toward modernizing the country's air infrastructure.

Construction has commenced with essential site preparation, including clearing and foundational work handled by three contractors, among them China Communications Construction Company and Allied Infrastructure Group. EAG anticipates selecting a primary contractor by June to lead the development.

This initiative represents a key investment in Ethiopia's aviation sector, promising enhanced connectivity and economic benefits. While initial phases are underway, further details on the project's timeline remain forthcoming, underscoring the group's commitment to this transformative endeavor.

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Photorealistic image depicting the construction of Bishoftu Airport in Ethiopia, financed via Wall Street model, with Ethiopian Airlines involvement and African Union Summit backdrop.
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Ethiopia adopts Wall Street model for Bishoftu Airport

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Ethiopia is employing a Wall Street-inspired financing model for the Bishoftu Airport project amid discussions at the African Union Summit. Ethiopian Airlines has contributed 700 million dollars as initial investment toward the 12.5 billion dollar venture. A special-purpose company will oversee borrowing, with financiers choosing contractors.

Ethiopia has started building what will be Africa's biggest airport in Bishoftu, near Addis Ababa, as part of its ambitious infrastructure push. The $12.5 billion project aims to handle 110 million passengers a year and is led by Ethiopian Airlines. This follows the recent inauguration of the Grand Ethiopian Renaissance Dam, highlighting the country's growing capabilities.

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The Ethiopian Airlines Group and Ministry of Finance held high-level talks with the Bank of China over financing the $12.5 billion Bishoftu International Airport project. The April 1, 2026 meeting aims to strengthen the financial package, with the African Development Bank leading as arranger.

Ethiopia's Ministry of Urban and Infrastructure Development has announced a shift from isolated construction projects to integrated systems and a robust national construction industry to drive long-term growth. The statement came during the Ethiopia-Italy Construction Infrastructure and Development Forum in Addis Ababa.

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