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$4b Dam Project

$4b Dam Project$4b Dam Project

Egypt, Ethiopia, and Sudan have signed an agreement finalizing the two firms tasked with carrying out studies on the potential impact of Ethiopia’s Grand Renaissance Dam on the flow of the Nile, their foreign and water ministers said, Reuters reported. The three countries had initially picked French firm BRL and Dutch firm Deltares in April but Deltares later withdrew leading them to replace it with French firm Artelia on Tuesday.

The leaders of the three countries signed a cooperation deal in Khartoum in March that paved the way for a joint approach to regional water supplies. Cairo and Addis Ababa had previously been locked in a bitter war of words over Ethiopia’s $4 billion project.

 

Financialtribune.com