ESLSE Received New Port Operation Machineries Procured With Financial Credit Assistance of World Bank

The Ethiopian Shipping and Logistics Services Enterprise has received 49 port operations machineries from the Ethiopian Maritime Affairs Authority on January 27,2021. The machineries were procured with a financial credit assistance forwarded from world bank, for the implementation of the project that deems and works towards making the Modjo port and terminal to be a green logistics hub. The handing over of the machineries and the signing of the first phase protocol agreement was conducted at Modjo port and Terminal on January 4, 2021. Ato Roba Megersa, CEO of ESLSE, and Ato Mekonen Abera, General Director of EMAA signed the protocol agreement in the presence of W/o Dagmawit Moges, Transport Minister, Mr. Osman Dione the East African World Bank Bureau Director, and other major stakeholders. Ato Mekonnen Abera the director of EMAA has opened the event welcoming all invited guests at the ceremony. Ato Roba Megersa has respectively made his remark that the Modjo Green Logistics Hub project would have a major impact on the import and export of the country, however the first phase has shown a delay of major tasks and the project owners should support and follow up the management of the project to makeup the unnecessary time taken to execute the tasks with regard to the completion of the project and to compensate the realization of the service delivery. He has further maintained that the machineries have coasted. 15.6million USD credit fund from World Bank and it is to be paid within 20 years’ time and with minimum interest. This makes the enterprise to depend on and to commit itself to pay the debit. The machineries will be deployed to service after every preparation is completed. Finally, he has called up on the concerned stakeholders to contribute their share from availing a land holding for the Modjo Green Logistics Hub development and to other necessary contribution.