Horn of Africa countries Ethiopia and Djibouti on Wednesday launched the continent's first modern electric railway connecting their respective capitals, media reported.
The 752.7 km Ethiopia-Djibouti railway was inaugurated in the Ethiopian capital Addis Ababa in a grand ceremony, Xinhua news agency reported.
The railway has a designed speed of 120 km per hour and was constructed by China Railway Group and China Civil Engineering Construction Corporation with a total investment of $4 billion.
It is expected to reduce travel time between the two capital cities from seven days by road to about 10 hours only, and provide landlocked Ethiopia faster access to Djibouti port.
--IANS
sm/dg
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app