NAMA: Ethiopia Railway's ­ Addis Ababa Light Rail Transit (LRT) Transit Oriented Development (TOD) NAMA

Title: Ethiopia Railway's ­ Addis Ababa Light Rail Transit (LRT) Transit Oriented Development (TOD) NAMA
DescriptionOfMitigationAction: <p style="margin: 0.05pt 8.65pt 0.0001pt 5.25pt; text-align: justify;"><span style="font-size: 12pt; font-family: Calibri,sans-serif;">&nbsp;A main&nbsp;&nbsp; &nbsp;pillar&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;Ethiopia's&nbsp;&nbsp; &nbsp;Climate&nbsp;&nbsp; &nbsp;Resilient&nbsp;&nbsp; &nbsp;Green&nbsp;&nbsp; &nbsp;Growth&nbsp;&nbsp; &nbsp;(CRGE)&nbsp;&nbsp; &nbsp;strategy&nbsp;&nbsp; &nbsp;is&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;avoid&nbsp;&nbsp; &nbsp;emissions&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;transport&nbsp;&nbsp; &nbsp;sector&nbsp;&nbsp; &nbsp;through&nbsp;&nbsp; &nbsp;a&nbsp;&nbsp; &nbsp;shift&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;freight&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;passenger&nbsp;&nbsp; &nbsp;transport&nbsp;&nbsp; &nbsp;from&nbsp;&nbsp; &nbsp;road&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;rail.&nbsp;&nbsp; &nbsp;The&nbsp;&nbsp; &nbsp;Ethiopian&nbsp;&nbsp; &nbsp;Railways&nbsp;&nbsp; &nbsp;Corporation&nbsp;&nbsp; &nbsp;(ERC)&nbsp;&nbsp; &nbsp;was&nbsp;&nbsp; &nbsp;set&nbsp;&nbsp; &nbsp;up&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;2007&nbsp;&nbsp; &nbsp;with&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;mandate&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;construct&nbsp;&nbsp; &nbsp;railway&nbsp;&nbsp; &nbsp;infrastructure&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;provide&nbsp;&nbsp; &nbsp;passenger&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;freight&nbsp;&nbsp; &nbsp;rail&nbsp;&nbsp; &nbsp;transport&nbsp;&nbsp; &nbsp;services&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;Ethiopia.&nbsp;&nbsp; &nbsp;The&nbsp;&nbsp; &nbsp;envisaged&nbsp;&nbsp; &nbsp;infrastructure&nbsp;&nbsp; &nbsp;consists&nbsp;&nbsp; &nbsp;of&nbsp; &nbsp;&nbsp;two&nbsp;&nbsp; &nbsp;railway&nbsp;&nbsp; &nbsp;project&nbsp;&nbsp; &nbsp;components:&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;Addis&nbsp;&nbsp; &nbsp;Ababa&nbsp;&nbsp; &nbsp;Light&nbsp;&nbsp; &nbsp;Rail&nbsp;&nbsp; &nbsp;Transit&nbsp;&nbsp; &nbsp;(LRT)&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;National&nbsp;&nbsp; &nbsp;Railway&nbsp;&nbsp; &nbsp;Network&nbsp;&nbsp; &nbsp;(NRN).&nbsp;&nbsp; &nbsp;</span></p> <p style="margin-left: 5.25pt; line-height: 14pt; text-align: justify;"><span style="font-size: 12pt; position: relative; top: -0.5pt; font-family: Calibri,sans-serif;">&nbsp; </span><span style="font-size: 12pt; line-height: normal; font-family: Calibri,sans-serif;">ERC &nbsp;intends&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;implement&nbsp;&nbsp; &nbsp;measures&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;increase&nbsp;&nbsp; &nbsp;ridership&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;revenue&nbsp;&nbsp; &nbsp;for&nbsp;&nbsp; &nbsp;its&nbsp;&nbsp; &nbsp;LRT.&nbsp;&nbsp; &nbsp;In&nbsp;&nbsp; &nbsp;collaboration&nbsp;&nbsp; &nbsp;with&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;City&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;Addis&nbsp;&nbsp; &nbsp;Ababa&nbsp;&nbsp; &nbsp;ERC&nbsp;&nbsp; &nbsp;plans&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;pilot&nbsp;&nbsp; &nbsp;Transit&nbsp;&nbsp; &nbsp;Oriented&nbsp;&nbsp; &nbsp;Development&nbsp;&nbsp; &nbsp;(TOD).&nbsp;&nbsp; &nbsp;TOD&nbsp;&nbsp; &nbsp;is&nbsp;&nbsp; &nbsp;an&nbsp;&nbsp; &nbsp;urban&nbsp;&nbsp; &nbsp;development&nbsp;&nbsp; &nbsp;concept,&nbsp;&nbsp; &nbsp;which&nbsp;&nbsp; &nbsp;promotes &nbsp;&nbsp;&nbsp;mixed-­‐use&nbsp;&nbsp; &nbsp;public,&nbsp;&nbsp; &nbsp;residential&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;commercial&nbsp;&nbsp; &nbsp;areas,&nbsp;&nbsp; &nbsp;favouring&nbsp;&nbsp; &nbsp;non-­‐motorized&nbsp;&nbsp; &nbsp;modes&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;transport.&nbsp;&nbsp; &nbsp;High-­‐density&nbsp;&nbsp; &nbsp;urban&nbsp;&nbsp; &nbsp;development&nbsp;&nbsp; &nbsp;along&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;LRT&nbsp;&nbsp; &nbsp;will&nbsp;&nbsp; &nbsp;increase &nbsp; &nbsp;</span><span style="font-size: 12pt; line-height: normal; font-family: Calibri,sans-serif;">revenues &nbsp;through&nbsp;&nbsp; &nbsp;ticketing&nbsp;&nbsp; &nbsp;(enhanced&nbsp;&nbsp; &nbsp;ridership)&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;increase&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;value&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;land/leases,&nbsp;&nbsp; &nbsp;which&nbsp;&nbsp; &nbsp;will&nbsp;&nbsp; &nbsp;contribute&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;sustainable&nbsp;&nbsp; &nbsp;operation&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;LRT.&nbsp;&nbsp; &nbsp; </span><span style="font-size: 12pt; line-height: normal; letter-spacing: 0.7pt; font-family: Calibri,sans-serif;">&nbsp;</span><span style="font-size: 12pt; line-height: normal; font-family: Calibri,sans-serif;">&nbsp;Simultaneously&nbsp;&nbsp; &nbsp;TOD&nbsp;&nbsp; &nbsp;will&nbsp;&nbsp; &nbsp;directly&nbsp;&nbsp; &nbsp;(through&nbsp;&nbsp; &nbsp;avoidance&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;transport&nbsp;&nbsp; &nbsp;need&nbsp;&nbsp; &nbsp;as&nbsp;&nbsp; &nbsp;commercial&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;social&nbsp;&nbsp; &nbsp;activities&nbsp;&nbsp; &nbsp;are&nbsp;&nbsp; &nbsp;grouped&nbsp;&nbsp; &nbsp;within&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;TOD)&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;indirectly&nbsp;&nbsp; &nbsp;(increased&nbsp;&nbsp; &nbsp;LRT&nbsp;&nbsp; &nbsp;ridership&nbsp;&nbsp; &nbsp;as&nbsp;&nbsp; &nbsp;TOD&nbsp;&nbsp; &nbsp;residents&nbsp;&nbsp; &nbsp;will&nbsp;&nbsp; &nbsp;use&nbsp;&nbsp; &nbsp;LRT&nbsp;&nbsp; &nbsp;when&nbsp;&nbsp; &nbsp;transport&nbsp;&nbsp; &nbsp;is&nbsp;&nbsp; &nbsp;required)&nbsp;&nbsp; &nbsp;reduce&nbsp;&nbsp; &nbsp;GHG&nbsp;&nbsp; &nbsp;emissions&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;Addis&nbsp;&nbsp; &nbsp;Ababa.&nbsp;<br /> &nbsp;</span></p> <p style="margin-left: 5.25pt;"><span style="font-size: 12pt; font-family: Calibri,sans-serif;">TOD &nbsp;will&nbsp;&nbsp; &nbsp;increase&nbsp;&nbsp; &nbsp;transport&nbsp;&nbsp; &nbsp;safety,&nbsp;&nbsp; &nbsp;reduce&nbsp;&nbsp; &nbsp;pollution,&nbsp;&nbsp; &nbsp;lower&nbsp;&nbsp; &nbsp;costs&nbsp;&nbsp; &nbsp;of &nbsp;</span><span style="font-size: 12pt;">transport&nbsp;&nbsp; &nbsp;and &nbsp; provide&nbsp;&nbsp; &nbsp;easy&nbsp;&nbsp; &nbsp;access&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;work&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;business.&nbsp;&nbsp; &nbsp;ERC&nbsp;&nbsp; &nbsp;has &nbsp;<span style="font-size: 12pt; font-family: Calibri,sans-serif;">identified &nbsp;10&nbsp;&nbsp; &nbsp;stations&nbsp;&nbsp; &nbsp;along &nbsp; the LRT &nbsp;lines&nbsp;&nbsp; &nbsp;which&nbsp;&nbsp; &nbsp;are&nbsp;&nbsp; &nbsp;suitable&nbsp;&nbsp; &nbsp;for&nbsp;&nbsp; &nbsp;TOD.</span> &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;</span><span style="font-size: 12pt; letter-spacing: 0.7pt;">&nbsp;<br /> </span><span style="font-size: 12pt;"><br /> </span></p> <div style="text-align: justify;"><span style="font-size: 12pt;">&nbsp;Knowledge, &nbsp;access&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;finance&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;gaps&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;regulatory&nbsp;&nbsp; &nbsp;framework&nbsp;&nbsp; &nbsp;are&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;typical&nbsp;&nbsp; &nbsp;barriers&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;low&nbsp;&nbsp; &nbsp;carbon&nbsp;&nbsp; &nbsp;economic&nbsp;&nbsp; &nbsp;development&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;developing&nbsp;&nbsp; &nbsp;countries.&nbsp;&nbsp; &nbsp;These&nbsp;&nbsp; &nbsp;are&nbsp;&nbsp; &nbsp;also&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;most&nbsp;&nbsp; &nbsp;important&nbsp;&nbsp; &nbsp;barriers&nbsp;&nbsp; &nbsp;for&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;implementation&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;TOD&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;Addis&nbsp;&nbsp; &nbsp;Ababa. &nbsp; &nbsp; &nbsp;</span></div> <span style="font-size: 12pt;"> </span><span> <div style="text-align: justify;"><span style="font-size: 16px;"><br /> </span></div> <span style="font-size: 12pt;"> <div style="text-align: justify;"><span style="font-size: 12pt;">&nbsp;Knowledge &nbsp;barrier:&nbsp;&nbsp; &nbsp;this&nbsp;&nbsp; &nbsp;will&nbsp;&nbsp; &nbsp;be&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;first&nbsp;&nbsp; &nbsp;TOD&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;Ethiopia.&nbsp;&nbsp; &nbsp;The&nbsp;&nbsp; &nbsp;project&nbsp;&nbsp; &nbsp;proponents&nbsp;&nbsp; &nbsp;are&nbsp;&nbsp; &nbsp;aware&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;advantages&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;TOD,&nbsp;&nbsp; &nbsp;but&nbsp;&nbsp; &nbsp;lack&nbsp;&nbsp; &nbsp;practical&nbsp;&nbsp; &nbsp;knowledge&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;experience.&nbsp;&nbsp; &nbsp;This&nbsp;&nbsp; &nbsp;includes&nbsp;&nbsp; &nbsp;technical&nbsp;&nbsp; &nbsp;design&nbsp;&nbsp; &nbsp;issues&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;addition&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;issues&nbsp;&nbsp; &nbsp;related&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;organisation,&nbsp;&nbsp; &nbsp;finance&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;coordination.&nbsp;&nbsp; &nbsp;The&nbsp;&nbsp; &nbsp;NAMA&nbsp;&nbsp; &nbsp;will&nbsp;&nbsp; &nbsp;address&nbsp;&nbsp; &nbsp;amongst&nbsp;&nbsp; &nbsp;others&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;design&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;pilots&nbsp;&nbsp; &nbsp;through&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;preparation&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;a&nbsp;&nbsp; &nbsp;bankable&nbsp;&nbsp; &nbsp;feasibility&nbsp;&nbsp; &nbsp;study,&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;regulatory&nbsp;&nbsp; &nbsp;frameworks&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;an&nbsp;&nbsp; &nbsp;operational&nbsp;&nbsp; &nbsp;cooperation&nbsp;&nbsp; &nbsp;structure. &nbsp; &nbsp;</span></div> </span> </span><span> <div style="text-align: justify;"><span style="font-size: 16px;"><br /> </span></div> <span style="font-size: 12pt;"> <div style="text-align: justify;"><span style="font-size: 12pt;">&nbsp;Barrier &nbsp;due&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;finance&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;access&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;finance:&nbsp;&nbsp; &nbsp;investment&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;TOD&nbsp;&nbsp; &nbsp;requires&nbsp;&nbsp; &nbsp;investments&nbsp;&nbsp; &nbsp;by&nbsp;&nbsp; &nbsp;governmental&nbsp;&nbsp; &nbsp;actors&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;investments&nbsp;&nbsp; &nbsp;by&nbsp;&nbsp; &nbsp;private&nbsp;&nbsp; &nbsp;sector&nbsp;&nbsp; &nbsp;investors.&nbsp;&nbsp; &nbsp;Public&nbsp;&nbsp; &nbsp;sector&nbsp;&nbsp; &nbsp;investments&nbsp;&nbsp; &nbsp;include&nbsp;&nbsp; &nbsp;roads&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;other&nbsp;&nbsp; &nbsp;public&nbsp;&nbsp; &nbsp;infrastructure.&nbsp;&nbsp; &nbsp;Any&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;these&nbsp; &nbsp;&nbsp;must&nbsp;&nbsp; &nbsp;come&nbsp;&nbsp; &nbsp;from&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;public&nbsp;&nbsp; &nbsp;budget,&nbsp;&nbsp; &nbsp;which&nbsp;&nbsp; &nbsp;is&nbsp;&nbsp; &nbsp;limited.&nbsp;&nbsp; &nbsp;Investments&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;social&nbsp;&nbsp; &nbsp;housing&nbsp;&nbsp; &nbsp;estates&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;commercial&nbsp;&nbsp; &nbsp;property&nbsp;&nbsp; &nbsp;development&nbsp;&nbsp; &nbsp;for&nbsp;&nbsp; &nbsp;SMEs&nbsp;&nbsp; &nbsp;will&nbsp;&nbsp; &nbsp;be&nbsp;&nbsp; &nbsp;incentivised&nbsp;&nbsp; &nbsp;under&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;pilot&nbsp;&nbsp; &nbsp;TOD.&nbsp;&nbsp; &nbsp;The&nbsp;&nbsp; &nbsp;NAMA&nbsp;&nbsp; &nbsp;assists&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;preparation&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;a&nbsp;&nbsp; &nbsp;structured&nbsp;&nbsp; &nbsp;debt&nbsp;&nbsp; &nbsp;fund&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;take&nbsp;&nbsp; &nbsp;away&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;risk&nbsp;&nbsp; &nbsp;for&nbsp;&nbsp; &nbsp;private&nbsp;&nbsp; &nbsp;sector&nbsp;&nbsp; &nbsp;investment&nbsp;&nbsp; &nbsp;for&nbsp;&nbsp; &nbsp;social&nbsp;&nbsp; &nbsp;housing&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;SMEs&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;particular&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;will&nbsp;&nbsp; &nbsp;prepare&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;conditions&nbsp;&nbsp; &nbsp;for&nbsp;&nbsp; &nbsp;public-­‐private&nbsp;&nbsp; &nbsp;partnerships.&nbsp;&nbsp; &nbsp; </span><span style="font-size: 12pt; letter-spacing: 0.7pt;">&nbsp;</span><span style="font-size: 12pt;">&nbsp;</span></div> </span></span><span> <div style="text-align: justify;"><span style="font-size: 16px;"><br /> </span></div> <span style="font-size: 12pt;"> <div style="text-align: justify;"><span style="font-size: 12pt;">&nbsp;Structured &nbsp;funds&nbsp;&nbsp; &nbsp;are&nbsp;&nbsp; &nbsp;loan&nbsp;&nbsp; &nbsp;funds&nbsp;&nbsp; &nbsp;that&nbsp;&nbsp; &nbsp;pool&nbsp;&nbsp; &nbsp;money&nbsp;&nbsp; &nbsp;from&nbsp;&nbsp; &nbsp;different&nbsp;&nbsp; &nbsp;investors&nbsp;&nbsp; &nbsp;with&nbsp;&nbsp; &nbsp;varying&nbsp;&nbsp; &nbsp;expectations&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;risk&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;return&nbsp;&nbsp; &nbsp;for&nbsp;&nbsp; &nbsp;a&nbsp;&nbsp; &nbsp;dedicated&nbsp;&nbsp; &nbsp;purpose.&nbsp;&nbsp; &nbsp;The&nbsp;&nbsp; &nbsp;pooled&nbsp;&nbsp; &nbsp;funds&nbsp;&nbsp; &nbsp;are&nbsp;&nbsp; &nbsp;organised&nbsp;&nbsp; &nbsp;into&nbsp;&nbsp; &nbsp;a&nbsp;&nbsp; &nbsp;capital&nbsp;&nbsp; &nbsp;stack&nbsp;&nbsp; &nbsp;with&nbsp;&nbsp; &nbsp;layers&nbsp;&nbsp; &nbsp;that&nbsp;&nbsp; &nbsp;represent&nbsp;&nbsp; &nbsp;different&nbsp;&nbsp; &nbsp;levels&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;risk&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;return&nbsp;&nbsp; &nbsp;expectations.&nbsp;&nbsp; &nbsp;Grants&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;low&nbsp;&nbsp; &nbsp;return&nbsp;&nbsp; &nbsp;contributions&nbsp;&nbsp; &nbsp;from&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;Government&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;Ethiopia&nbsp;&nbsp; &nbsp;will&nbsp;&nbsp; &nbsp;be&nbsp;&nbsp; &nbsp;positioned&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;higher&nbsp;&nbsp; &nbsp;layers&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;fund&nbsp;&nbsp; &nbsp;while&nbsp;&nbsp; &nbsp;commercial&nbsp;&nbsp; &nbsp;banks&nbsp;&nbsp; &nbsp;will&nbsp;&nbsp; &nbsp;take&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;lower&nbsp;&nbsp; &nbsp;risk&nbsp;&nbsp; &nbsp;positions&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;fund.&nbsp;&nbsp; &nbsp;This&nbsp;&nbsp; &nbsp;will&nbsp;&nbsp; &nbsp;protect&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;banks&rsquo;&nbsp;&nbsp; &nbsp;investment&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;allows&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;fund&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;offer&nbsp;&nbsp; &nbsp;loans&nbsp;&nbsp; &nbsp;at&nbsp;&nbsp; &nbsp;low&nbsp;&nbsp; &nbsp;interest&nbsp;&nbsp; &nbsp;rates&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;high&nbsp;&nbsp; &nbsp;loan-­‐to-­‐value&nbsp;&nbsp; &nbsp;ratios&nbsp;&nbsp; &nbsp;compared&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;comparable&nbsp;&nbsp; &nbsp;commercial&nbsp;&nbsp; &nbsp;finance.&nbsp;&nbsp; &nbsp; </span><span style="font-size: 12pt; letter-spacing: 0.7pt;">&nbsp;</span><span style="font-size: 12pt;">&nbsp;</span></div> </span></span><span> <div style="text-align: justify;"><span style="font-size: 16px;"><br /> </span></div> <div style="text-align: justify;"><span style="font-size: 12pt;">&nbsp;The &nbsp;Development&nbsp;&nbsp; &nbsp;Bank&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;Ethiopia&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;collaboration&nbsp;&nbsp; &nbsp;with&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;Ministry&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;Finance&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;Economic&nbsp;&nbsp; &nbsp;Development&nbsp;&nbsp; &nbsp;will&nbsp;&nbsp; &nbsp;take&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;lead&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;establishing&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;structured&nbsp;&nbsp; &nbsp;debt&nbsp;&nbsp; &nbsp;fund.&nbsp;<br /> </span><span style="font-size: 12pt; text-align: left; font-family: Calibri,sans-serif;">&nbsp;<br /> &nbsp;Regulatory &nbsp;barrier:&nbsp;&nbsp; &nbsp;Establishing&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;TOD&nbsp; &nbsp;&nbsp;may&nbsp;&nbsp; &nbsp;also&nbsp;&nbsp; &nbsp;take&nbsp;&nbsp; &nbsp;place&nbsp;&nbsp; &nbsp;through &nbsp;</span><span style="font-size: 12pt; text-align: left; font-family: Calibri,sans-serif;">public-­‐private&nbsp;&nbsp; &nbsp;partnership&nbsp;&nbsp; &nbsp;(PPP).&nbsp;&nbsp; &nbsp;Such&nbsp;&nbsp; &nbsp;co-­‐development&nbsp;&nbsp; &nbsp;structures &nbsp;</span><span style="font-size: 12pt; text-align: left; font-family: Calibri,sans-serif;">are &nbsp;without&nbsp;&nbsp; &nbsp;precedent&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;Ethiopia.&nbsp;&nbsp; &nbsp;The&nbsp;&nbsp; &nbsp;NAMA&nbsp;&nbsp; &nbsp;addresses&nbsp;&nbsp; &nbsp;this&nbsp;&nbsp; &nbsp;barrier &nbsp;</span><span style="text-align: left; font-family: Calibri,sans-serif;"><span style="font-size: 12pt;">by &nbsp;preparing&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;needed&nbsp;&nbsp; &nbsp;regulatory&nbsp;&nbsp; &nbsp;frameworks.</span><br /> <div style="text-align: left;"><span style="font-size: 12pt; text-align: justify;"><br /> &nbsp;The &nbsp;implementation&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;NAMA&nbsp;&nbsp; &nbsp;aims&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;take&nbsp;&nbsp; &nbsp;away&nbsp;&nbsp; &nbsp;these&nbsp;&nbsp; &nbsp;barriers,&nbsp;&nbsp; &nbsp;by &nbsp;increasing&nbsp;&nbsp; &nbsp;capacity,&nbsp;&nbsp; &nbsp;preparing&nbsp;&nbsp; &nbsp;a&nbsp;&nbsp; &nbsp;regulatory&nbsp;&nbsp; &nbsp;framework,&nbsp;&nbsp; &nbsp;developing&nbsp;&nbsp; &nbsp;knowledge&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;by&nbsp;&nbsp; &nbsp;lowering&nbsp;&nbsp; &nbsp;hurdles&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;private&nbsp;&nbsp; &nbsp;investment.&nbsp;&nbsp; &nbsp;International&nbsp;&nbsp; &nbsp;support&nbsp;&nbsp; &nbsp;is&nbsp;&nbsp; &nbsp;solicited&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;expedite&nbsp;&nbsp; &nbsp;this&nbsp;&nbsp; &nbsp;process,&nbsp;&nbsp; &nbsp;which&nbsp;&nbsp; &nbsp;will&nbsp;&nbsp; &nbsp;be&nbsp;&nbsp; &nbsp;implemented&nbsp;&nbsp; &nbsp;through&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;following&nbsp;&nbsp; &nbsp;activities:</span><em style="font-size: 12pt; text-align: justify;"><span style="font-size: 9.5pt; color: #3f403f;">&nbsp; &nbsp;&nbsp;</span></em><span style="font-size: 12pt; text-align: justify;">&nbsp; &nbsp;&nbsp;<br /> </span><em style="font-size: 12pt; text-align: justify;"><span style="font-size: 12pt;"><br /> &nbsp; A: &nbsp;Institutional&nbsp;&nbsp; &nbsp;framework&nbsp;&nbsp; &nbsp;established&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;operational&nbsp;&nbsp; &nbsp;for &nbsp;&nbsp;&nbsp;TOD &nbsp;</span></em><em style="font-size: 12pt; line-height: 14pt; text-align: justify;"><span style="font-size: 12pt; position: relative; top: -0.5pt;">implementation &nbsp;</span></em><span style="text-align: justify; position: relative; top: -0.5pt; color: #3f403f;"><span style="font-size: 12pt; line-height: 14pt;">&nbsp;</span><span style="font-size: 12pt; line-height: 14pt; letter-spacing: 0.7pt;">&nbsp;</span><span style="font-size: 12pt; line-height: 14pt;">&nbsp;</span><span style="line-height: 18.6667px; font-size: 16px;"><br /> </span></span><span style="font-size: 9.5pt; text-align: justify; color: #3f403f;">&nbsp; &nbsp; &nbsp; &bull;&nbsp;&nbsp; <span style="letter-spacing: 0.55pt;">&nbsp;</span></span><em style="font-size: 12pt; text-align: justify;"><span style="font-size: 12pt; color: black;">A.1 &nbsp;Stakeholder&nbsp;&nbsp; &nbsp;consultation&nbsp;&nbsp; &nbsp;process&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;concretize&nbsp;&nbsp; &nbsp;roles, </span></em><em style="text-align: justify; font-size: 12pt;"><span style="font-size: 12pt;">responsibilities &nbsp;and&nbsp;&nbsp; &nbsp;mandates&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;implementing&nbsp;&nbsp; &nbsp;partners.</span></em><em style="text-align: justify;"><span style="font-size: 9.5pt; color: #3f403f;">&nbsp; &nbsp;&nbsp;</span><br /> <div style="text-indent: 0px;"><span style="font-size: 9.5pt; font-style: normal; text-indent: -0.25in; color: #3f403f;">&nbsp; &nbsp; &bull;</span><span style="font-size: 12pt; font-style: normal; text-indent: -0.25in; color: #676767;"> </span><em style="color: #676767; font-size: 12pt; text-indent: -0.25in;"><span style="font-size: 12pt; color: black;">A.2 &nbsp;Formulation&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;execution&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;Memoranda&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;Understanding&nbsp;&nbsp; &nbsp;between&nbsp;&nbsp; &nbsp;TOD&nbsp;&nbsp; &nbsp;implementing&nbsp;&nbsp; &nbsp;partners.</span></em><em style="text-indent: -0.25in;"><span style="font-size: 9.5pt; color: #3f403f;">&nbsp; &nbsp;&nbsp;</span><br /> <div style="text-indent: -24px;"><em style="color: #676767; font-size: 12pt;"><span style="font-size: 9.5pt; color: #3f403f;"> <div style="text-indent: 0px; display: inline ! important;"><span style="font-style: normal; font-size: 9.5pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&bull;&nbsp;&nbsp; <span style="letter-spacing: 0.55pt;">&nbsp;</span></span><em style="font-size: 12pt; color: #676767;"><span style="font-size: 12pt; color: black;">A.3 &nbsp;Capacity&nbsp;&nbsp; &nbsp;building&nbsp;&nbsp; &nbsp;for&nbsp;&nbsp; &nbsp;TOD&nbsp;&nbsp; &nbsp;implementation.&nbsp;&nbsp; &nbsp;(TOD,&nbsp;&nbsp; &nbsp;MRV,&nbsp;</span></em></div> </span></em><em style="color: #676767; font-size: 12pt;"><span style="font-size: 12pt;">structured &nbsp;fund&nbsp;&nbsp; &nbsp;related)</span></em><em style="color: #676767; font-size: 12pt;"><span style="font-size: 9.5pt; color: #3f403f;">&nbsp; &nbsp; &nbsp;&nbsp;</span></em><span style="font-size: 9.5pt; line-height: 14pt; font-style: normal; color: #3f403f;">&bull;&nbsp;&nbsp; <span style="letter-spacing: 0.55pt;">&nbsp;</span></span><em style="color: #676767; font-size: 12pt; line-height: 14pt;"><span style="font-size: 12pt; color: black;">A.4 &nbsp;Establishment&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;a&nbsp;&nbsp; &nbsp;Project&nbsp;&nbsp; &nbsp;Implementation&nbsp;&nbsp; &nbsp;Unit</span></em><em><span style="color: #3f403f;"><span style="font-size: 9.5pt; line-height: 14pt;">&nbsp; &nbsp;&nbsp;</span><span style="line-height: 18.6667px; font-size: 13px;"><br /> </span></span></em><em><br /> <br /> <span style="font-size: 12pt;">&nbsp; &nbsp;B: &nbsp;TOD&nbsp;&nbsp; &nbsp;regulatory&nbsp;&nbsp; &nbsp;framework&nbsp;&nbsp; &nbsp;established &nbsp; &nbsp;</span><span style="font-size: 16px;"><br /> </span></em><span style="font-style: normal; font-size: 9.5pt; color: #3f403f;">&bull;&nbsp;&nbsp; <span style="letter-spacing: 0.55pt;">&nbsp;</span></span><em style="font-size: 12pt;"><span style="font-size: 12pt; color: black;">B.1 &nbsp;Consultations&nbsp;&nbsp; &nbsp;with&nbsp;&nbsp; &nbsp;implementing&nbsp;&nbsp; &nbsp;partners</span></em><em style="font-size: 12pt;"><span style="font-size: 9.5pt; color: #3f403f;">&nbsp; &nbsp;&nbsp;<br /> </span></em><span style="font-style: normal; font-size: 9.5pt; color: #3f403f;">&bull;&nbsp;&nbsp; <span style="letter-spacing: 0.55pt;">&nbsp;</span></span><em style="font-size: 12pt;"><span style="font-size: 12pt; color: black;">B.2 &nbsp;Assessment&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;existing&nbsp;&nbsp; &nbsp;policies&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;gap&nbsp;&nbsp; &nbsp;analysis.</span></em><em style="font-size: 12pt;"><span style="font-size: 9.5pt; color: #3f403f;">&nbsp; &nbsp;<br /> </span></em><span style="text-indent: -0.25in; font-style: normal; font-size: 9.5pt; color: #3f403f;">&bull;</span><span style="text-indent: -0.25in; font-size: 12pt; font-style: normal;"> </span><em style="text-indent: -0.25in; font-size: 12pt;"><span style="font-size: 12pt; color: black;">B.3 &nbsp;Incorporation&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;TOD&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;National&nbsp;&nbsp; &nbsp;Transport&nbsp;&nbsp; &nbsp;Policy,&nbsp;&nbsp; &nbsp;AA&nbsp;&nbsp; &nbsp;Urban&nbsp;&nbsp; &nbsp;Transport&nbsp;&nbsp; &nbsp;Policy&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;AA&nbsp;&nbsp; &nbsp;Urban&nbsp;&nbsp; &nbsp;Master&nbsp;&nbsp; &nbsp;Plan</span></em><em style="text-indent: -0.25in; font-size: 12pt;"><span style="font-size: 9.5pt; color: #3f403f;">&nbsp; &nbsp;&nbsp;<br /> </span></em><span style="font-style: normal; font-size: 9.5pt; color: #3f403f;">&bull;&nbsp;&nbsp; <span style="letter-spacing: 0.55pt;">&nbsp;</span></span><em style="font-size: 12pt;"><span style="font-size: 12pt; color: black;">B.4 &nbsp;Formulation&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;update&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;TOD&nbsp;&nbsp; &nbsp;related&nbsp;&nbsp; &nbsp;policies&nbsp;&nbsp; &nbsp;and &nbsp;</span></em><em style="font-size: 12pt;"><span style="font-size: 12pt;">regulations, &nbsp;including&nbsp;&nbsp; &nbsp;land&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;tax&nbsp;&nbsp; &nbsp;regulations, &nbsp;&nbsp;&nbsp;</span></em><em style="font-size: 12pt;"><span style="font-size: 9.5pt; color: #3f403f;">&nbsp; &nbsp;&nbsp;<br /> </span></em><span style="font-style: normal; font-size: 9.5pt; color: #3f403f;">&bull;&nbsp;&nbsp; <span style="letter-spacing: 0.55pt;">&nbsp;</span></span><em style="font-size: 12pt;"><span style="font-size: 12pt; color: black;">B.5 &nbsp;Development&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;TOD&nbsp;&nbsp; &nbsp;zoning&nbsp;&nbsp; &nbsp; <span style="letter-spacing: 0.7pt;">&nbsp;</span>&nbsp;</span></em><em style="font-size: 12pt;"><span style="font-size: 9.5pt; color: #3f403f;">&nbsp; &nbsp;&nbsp;<br /> </span></em><span style="text-indent: -0.25in; font-style: normal; font-size: 9.5pt; color: #3f403f;">&bull;</span><span style="text-indent: -0.25in; font-style: normal; font-size: 9.5pt; color: #3f403f;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span><em style="text-indent: -0.25in; font-size: 12pt;"><span style="font-size: 12pt; color: black;">B.6 &nbsp;Formulation&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;legal&nbsp;&nbsp; &nbsp;framework&nbsp;&nbsp; &nbsp;for&nbsp;&nbsp; &nbsp;Public&nbsp;&nbsp; &nbsp;Private&nbsp;&nbsp; &nbsp;Partnerships</span></em><em style="text-indent: -0.25in;"><span style="color: #3f403f;"><span style="font-size: 9.5pt;">&nbsp; &nbsp;</span><span style="font-size: 13px;"><br /> </span></span></em><em style="font-size: 12pt;"><span style="font-size: 12pt;"><br /> C: &nbsp;&nbsp;&nbsp; &nbsp;Detailed&nbsp;&nbsp; &nbsp;TOD&nbsp;&nbsp; &nbsp;implementation&nbsp;&nbsp; &nbsp;plan&nbsp;&nbsp; &nbsp;for&nbsp;&nbsp; &nbsp;10&nbsp;&nbsp; &nbsp;station&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;Addis&nbsp;&nbsp; &nbsp;Ababa&nbsp;&nbsp; &nbsp;Light&nbsp;&nbsp; &nbsp;Rail&nbsp;&nbsp; &nbsp;Transit&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;line&nbsp;&nbsp; &nbsp;with&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;ERC&nbsp;&nbsp; &nbsp;bankable&nbsp;&nbsp; &nbsp;feasibility&nbsp;&nbsp; &nbsp;study&nbsp;&nbsp; &nbsp;ToR&nbsp;&nbsp; &nbsp;attached.&nbsp;&nbsp; &nbsp;</span></em><span style="font-style: normal; color: #3f403f;"> <span style="font-size: 12pt; letter-spacing: 0.7pt;">&nbsp;</span><span style="font-size: 12pt;">&nbsp;</span><span style="font-size: 16px;"><br /> </span></span><span style="font-style: normal; font-size: 9.5pt; color: #3f403f;">&bull;&nbsp;&nbsp; <span style="letter-spacing: 0.55pt;">&nbsp;</span></span><em style="font-size: 12pt;"><span style="font-size: 12pt; color: black;">C.1: &nbsp;Preparation&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;urban&nbsp;&nbsp; &nbsp;design&nbsp;&nbsp; &nbsp;plan&nbsp;&nbsp; &nbsp;</span></em><em style="font-size: 12pt;"><span style="font-size: 9.5pt; color: #3f403f;">&nbsp; &nbsp;&nbsp;<br /> </span></em><span style="font-style: normal; font-size: 9.5pt; color: #3f403f;">&bull;&nbsp;&nbsp; <span style="letter-spacing: 0.55pt;">&nbsp;</span></span><em style="font-size: 12pt;"><span style="font-size: 12pt; color: black;">C.2: &nbsp;Preparation&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;technical&nbsp;&nbsp; &nbsp;design &nbsp;&nbsp;&nbsp;studies&nbsp;&nbsp; &nbsp;</span></em><em style="font-size: 12pt;"><span style="font-size: 9.5pt; color: #3f403f;">&nbsp; &nbsp;&nbsp;<br /> </span></em><span style="font-style: normal; font-size: 9.5pt; color: #3f403f;">&bull;&nbsp;&nbsp; <span style="letter-spacing: 0.55pt;">&nbsp;</span></span><em style="font-size: 12pt;"><span style="font-size: 12pt; color: black;">C.3: &nbsp;Preparation&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;detailed&nbsp;&nbsp; &nbsp;market&nbsp;&nbsp; &nbsp;studies&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;development &nbsp;&nbsp;</span></em><em style="font-size: 12pt;"><span style="font-size: 12pt;">prospectus</span></em><em style="font-size: 12pt;"> </em><em style="font-size: 12pt;"><span style="font-size: 9.5pt; color: #3f403f;">&nbsp;<br /> </span></em><span style="line-height: 14pt; font-style: normal; font-size: 9.5pt; color: #3f403f;">&bull;&nbsp;&nbsp; <span style="letter-spacing: 0.55pt;">&nbsp;</span></span><em style="line-height: 14pt; font-size: 12pt;"><span style="font-size: 12pt; color: black;">C.4: &nbsp;Preparation&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;Environmental&nbsp;&nbsp; &nbsp;Impact&nbsp;&nbsp; &nbsp;Assessment&nbsp;&nbsp; &nbsp;studies</span></em><em><span style="color: #3f403f;"><span style="font-size: 9.5pt; line-height: 14pt;">&nbsp; &nbsp;&nbsp;</span><span style="line-height: 18.6667px; font-size: 13px;"><br /> </span></span></em><em><br /> <span style="font-size: 12pt;">&nbsp; D: &nbsp;&nbsp;&nbsp; &nbsp;Structured&nbsp;&nbsp; &nbsp;debt&nbsp;&nbsp; &nbsp;fund&nbsp;&nbsp; &nbsp;is&nbsp;&nbsp; &nbsp;designed&nbsp;&nbsp; &nbsp; </span><span style="font-size: 12pt; letter-spacing: 0.7pt;">&nbsp;</span><span style="font-size: 12pt;">&nbsp;</span><span style="font-size: 16px;"><br /> </span></em><span style="font-style: normal; font-size: 9.5pt; color: #3f403f;">&nbsp;&bull;&nbsp;&nbsp; <span style="letter-spacing: 0.55pt;">&nbsp;</span></span><em style="font-size: 12pt;"><span style="font-size: 12pt; color: black;">D.1 &nbsp;Preparing&nbsp;&nbsp; &nbsp;detailed&nbsp;&nbsp; &nbsp;concept&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;structured&nbsp;&nbsp; &nbsp;fund&nbsp;&nbsp; &nbsp;</span></em><em style="font-size: 12pt;"><span style="font-size: 9.5pt; color: #3f403f;"> <span style="letter-spacing: 0.55pt;">&nbsp;</span>&nbsp;<br /> <br /> <p style="margin-left: 5.25pt; line-height: 14pt;"><em><span style="font-size: 12pt; position: relative; top: -0.5pt; font-family: Calibri,sans-serif;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; E: &nbsp;MRV&nbsp;&nbsp; &nbsp;system&nbsp;&nbsp; &nbsp;developed</span></em><span style="font-size: 12pt; position: relative; top: -0.5pt; font-family: Calibri,sans-serif; color: #3f403f;">&nbsp;&nbsp; &nbsp;</span> </p> <p style="margin: 3.35pt 0in 0.0001pt 23.25pt;"><span style="font-size: 9.5pt; color: #3f403f;">&bull;&nbsp;&nbsp; <span style="letter-spacing: 0.55pt;">&nbsp;</span></span><em><span style="font-size: 12pt; font-family: Calibri,sans-serif; color: black;">E.1Surveys &nbsp;and&nbsp;&nbsp; &nbsp;baseline&nbsp;&nbsp; &nbsp;studies</span></em><em><span style="font-size: 9.5pt; font-family: Calibri,sans-serif; color: #3f403f;">&nbsp;&nbsp; &nbsp;</span></em> </p> <span style="font-size: 9.5pt; font-family: 'Times New Roman',serif; color: #3f403f;">&nbsp; &nbsp;&bull;&nbsp;&nbsp; <span style="letter-spacing: 0.55pt;">&nbsp;</span></span><em><span style="font-size: 12pt; font-family: Calibri,sans-serif; color: black;">E.2 &nbsp;Preparation&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;MRV&nbsp;&nbsp; &nbsp;system</span><span style="font-size: 9.5pt; font-family: Calibri,sans-serif; color: #3f403f;">&nbsp;&nbsp; &nbsp;</span></em><br /> </span></em></div> </em></div> </em></div> </span></div> </span><span style="font-size: 12pt; font-family: Calibri,sans-serif;"><span style="font-size: 12pt; font-family: Calibri,sans-serif;"> <span style="font-size: 9.5pt; font-family: Calibri,sans-serif;"><br clear="all" style="page-break-before: always;" /> </span><br clear="all" style="page-break-before: always;" /> </span><br clear="all" style="page-break-before: always;" /> </span>&nbsp;&nbsp;
EntityName: Ethiopian Railway Corporation (ERC)
EntityName1:
EntityName2:
EntityAddress1: P.O.Box 27558/1000 Addis Ababa, Ethiopia ||
EntityAddress2: ||
EntityAddress3: ||
EntityContactPerson1: Mr. Shewangizaw Kifle ||
EntityContactPerson2: ||
EntityContactPerson3: ||
EntityContactPerson1Alternate:
EntityContactPerson2Alternate:
EntityContactPerson3Alternate:
EntityPhone1: 00251 911 226 816 or 00251 114 70-21-­90 ||
EntityPhone2: ||
EntityPhone3: ||
EntityPhone1Alternate:
EntityPhone2Alternate:
EntityPhone3Alternate:
EntityEmail1: kidusshk@gmail.com||
EntityEmail2: ||
EntityEmail3: ||
EntityEmail1Alternate:
EntityEmail2Alternate:
EntityEmail3Alternate:
YearsForCompletion: 18
UsedCurrency: USD
AmountOfFinancialSupport: 7700000
CommentsOnFinancialSupport: <span style="font-size: 12pt; font-family: Calibri,sans-serif;">The&nbsp;Government&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;Ethiopia&nbsp;&nbsp; &nbsp;through&nbsp;&nbsp; &nbsp;ERC&nbsp;&nbsp; &nbsp;will&nbsp;&nbsp; &nbsp;provide&nbsp;&nbsp; &nbsp;co-­‐fundin<span style="letter-spacing: -0.05pt;">g</span>&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;USD&nbsp;&nbsp; &nbsp;1,200,000&nbsp;&nbsp; &nbsp;for&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;purpose&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;preparation&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;bankable&nbsp;&nbsp; &nbsp;feasibility&nbsp;&nbsp; &nbsp;study.&nbsp;&nbsp; &nbsp;</span>
AmountOfTechnicalSupport:
CommentsOnTechnicalSupport: Included in&nbsp;&nbsp;&nbsp; financial&nbsp;&nbsp;&nbsp; support&nbsp;&nbsp;&nbsp; requested. &nbsp;&nbsp; <br />
AmountOfCapacityBuildingSupportText:
AmountOfCapacityBuildingSupportChoice: selected currency
CommentsOnCapacityBuildingSupport: Included in&nbsp;&nbsp;&nbsp; financial&nbsp;&nbsp;&nbsp; support&nbsp;&nbsp;&nbsp; requested.
FinancialSupportRequired: Yes
TechnologicalSupportRequired: Yes
CapacityBuildingSupportRequired: Yes
OtherNAMA: Ethiopia's National Railway Network and Addis Ababa Light Rail Transit (LRT) NAMA
UNParty: Ethiopia
CoveredGreenhouseGases: CO2
AttachmentDescription:
Item Status: Published
NAMADeveloper: ext\atsibha
NAMAApprover: ext\atsibha
SecretariatNAMAAssignVerifier: unfccc\nama-av
SecretariatNAMAVerifier: unfccc\forner
Publishing date: 12/18/2014
NAMAId: NS-167
ConversionRate:
GeneralComments: -
SectorNSSP: Residential and Commercial buildings; Transport and its Infrastructure
TechnologyNSSP: Rail way / Pedestrian friendly urban development
TypeOfActionNSSP: Project: Investment in infrastructure
EstimatedFullCostOfPreparation: 8900000
TypeOfRequiredFinancialSupportNSSP: Grant
TypeOfRequiredCapacityBuildingSupportNSSP:
RelevantNationalPolicies: <p style="margin: 0in 0.55pt 0.0001pt 5.25pt;"><span style="font-size: 12pt; font-family: Calibri,sans-serif;">Ethiopia&nbsp;&nbsp; &nbsp;has&nbsp;&nbsp; &nbsp;taken&nbsp;&nbsp; &nbsp;on&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;ambition&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;capitalise&nbsp;&nbsp; &nbsp;on&nbsp;&nbsp; &nbsp;its&nbsp;&nbsp; &nbsp;rapid&nbsp; economic&nbsp;growth&nbsp;&nbsp; &nbsp;by&nbsp;&nbsp; &nbsp;investing&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;an&nbsp;&nbsp; &nbsp;economy&nbsp;&nbsp; &nbsp;that&nbsp;&nbsp; &nbsp;is&nbsp;&nbsp; &nbsp;more&nbsp;&nbsp; &nbsp;resilient&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;impacts&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;climate&nbsp;&nbsp; &nbsp;change&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;pursue&nbsp;&nbsp; &nbsp;low&nbsp;&nbsp; &nbsp;carbon&nbsp;&nbsp; &nbsp;development.&nbsp;&nbsp; &nbsp;The&nbsp;&nbsp; &nbsp;Government&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;Ethiopia&nbsp;&nbsp; &nbsp;has&nbsp;&nbsp; &nbsp;adopted&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;Growth&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;Transformation&nbsp;&nbsp; &nbsp;Plan&nbsp;&nbsp; &nbsp;(GTP),&nbsp;&nbsp; &nbsp;which&nbsp;&nbsp; &nbsp;outlines&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;country&rsquo;s&nbsp;&nbsp; &nbsp;strategy&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;reach&nbsp;&nbsp; &nbsp;middle-­‐income&nbsp;&nbsp; &nbsp;status&nbsp;&nbsp; &nbsp;before&nbsp;&nbsp; &nbsp;2025.&nbsp;&nbsp; &nbsp;At&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;same&nbsp;&nbsp; &nbsp;time,&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;Government&nbsp;&nbsp; &nbsp;has&nbsp;&nbsp; &nbsp;issued&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;Climate-­‐Resilient&nbsp;&nbsp; &nbsp;Green&nbsp;&nbsp; &nbsp;Economy&nbsp;&nbsp; &nbsp;(CRGE)&nbsp;&nbsp; &nbsp;strategy&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;2011,&nbsp;&nbsp; &nbsp;which&nbsp;&nbsp; &nbsp;lays&nbsp;&nbsp; &nbsp;down&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;country&rsquo;s&nbsp;&nbsp; &nbsp;plan&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;develop&nbsp;&nbsp; &nbsp;a&nbsp;&nbsp; &nbsp;carbon&nbsp;&nbsp; &nbsp;neutral,&nbsp;&nbsp; &nbsp;green&nbsp;&nbsp; &nbsp;economy&nbsp;&nbsp; &nbsp;by&nbsp;&nbsp; &nbsp;2025.&nbsp;&nbsp; &nbsp;Provision&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;an&nbsp;&nbsp; &nbsp;affordable&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;efficient&nbsp;&nbsp; &nbsp;transport&nbsp;&nbsp; &nbsp;system&nbsp;&nbsp; &nbsp;will&nbsp;&nbsp; &nbsp;make&nbsp;&nbsp; &nbsp;a&nbsp;&nbsp; &nbsp;crucial&nbsp;&nbsp; &nbsp;contribution&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;economic&nbsp;&nbsp; &nbsp;growth,&nbsp;&nbsp; &nbsp;employment&nbsp;&nbsp; &nbsp;creation,&nbsp;&nbsp; &nbsp;social&nbsp;welfare&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;expansion&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;industrial&nbsp;&nbsp; &nbsp;sector.&nbsp;&nbsp; &nbsp;Estimated&nbsp;&nbsp; &nbsp;GDP&nbsp;&nbsp; &nbsp;growth&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;8.5%&nbsp;&nbsp; &nbsp;in</span><span style="font-size: 12pt; font-family: Calibri,sans-serif;"> 2012&nbsp;made&nbsp;&nbsp; &nbsp;Ethiopia&nbsp;&nbsp; &nbsp;one&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;Africa's&nbsp;&nbsp; &nbsp;best&nbsp;&nbsp; &nbsp;performing&nbsp;&nbsp; &nbsp;economies&nbsp;&nbsp; &nbsp;and&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;country&nbsp;&nbsp; &nbsp;is&nbsp;&nbsp; &nbsp;expected&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;continue&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;represent&nbsp;&nbsp; &nbsp;one&nbsp;&nbsp; &nbsp;of&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;world&rsquo;s&nbsp;&nbsp; &nbsp;fastest&nbsp;&nbsp; &nbsp;growing&nbsp;&nbsp; &nbsp;economies&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;years&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;come.&nbsp;&nbsp; &nbsp;TOD&nbsp;&nbsp; &nbsp;provisions&nbsp;&nbsp; &nbsp;are&nbsp;&nbsp; &nbsp;furthermore&nbsp;&nbsp; &nbsp;being&nbsp;&nbsp; &nbsp;incorporated&nbsp;&nbsp; &nbsp;in&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;Addis&nbsp;&nbsp; &nbsp;Ababa&nbsp;&nbsp; &nbsp;City&nbsp;&nbsp; &nbsp;Master&nbsp;&nbsp; &nbsp;Plan.</span></p>
CommentsOnFullCost: <p style="margin: 0.05pt 15.3pt 0.0001pt 5.25pt; text-align: justify;"><span style="font-size: 12pt; font-family: Calibri,sans-serif;">It&nbsp;&nbsp; &nbsp;</span><span style="font-size: 12pt; font-family: Calibri,sans-serif;">is&nbsp;&nbsp; &nbsp;expected&nbsp;&nbsp; &nbsp;that&nbsp;&nbsp; &nbsp;the&nbsp;&nbsp; &nbsp;activities&nbsp;&nbsp; &nbsp;C1&nbsp;&nbsp; &nbsp;&ndash;&nbsp;&nbsp; &nbsp;C3&nbsp;&nbsp; &nbsp;will&nbsp;&nbsp; &nbsp;cost&nbsp;&nbsp; &nbsp;~&nbsp; &nbsp;USD&nbsp;&nbsp; &nbsp;5,000,000.&nbsp;&nbsp; &nbsp;This&nbsp;&nbsp; &nbsp;is&nbsp;&nbsp; &nbsp;based&nbsp;&nbsp; &nbsp;on&nbsp;&nbsp; &nbsp;initial&nbsp;&nbsp; &nbsp;quotes&nbsp;&nbsp; &nbsp;being&nbsp;&nbsp; &nbsp;provided&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;ERC&nbsp;&nbsp; &nbsp;by&nbsp;&nbsp; &nbsp;shortlisted&nbsp;&nbsp; &nbsp;consultants.&nbsp;&nbsp; &nbsp; &nbsp;</span></p> <p style="margin: 0in 4.7in 0.0001pt 5.25pt; text-align: justify;"><span style="font-size: 12pt; font-family: Calibri,sans-serif;">&nbsp;&nbsp; &nbsp;</span> </p> <span style="font-size: 12pt; font-family: Calibri,sans-serif;">The&nbsp;other&nbsp;&nbsp; &nbsp;activities&nbsp;&nbsp; &nbsp;requested&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;be&nbsp;&nbsp; &nbsp;supported&nbsp;&nbsp; &nbsp;are&nbsp;&nbsp; &nbsp;expected&nbsp;&nbsp; &nbsp;to&nbsp;&nbsp; &nbsp;cost&nbsp;&nbsp; &nbsp;USD&nbsp;&nbsp; &nbsp;3,900,000,&nbsp;&nbsp; &nbsp;based&nbsp;&nbsp; &nbsp;on&nbsp;&nbsp; &nbsp;expected&nbsp;&nbsp; &nbsp;professional&nbsp;&nbsp; &nbsp;fees.&nbsp;&nbsp; &nbsp; &nbsp; &nbsp;</span>
Approval Status: Approved

Created at 12/18/2014 8:17 AM by Vladislav Marinov
Last modified at 8/28/2015 3:55 PM by System Account
 
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