• Ethiopian Airlines confirmed 35 international firms expressed interest in constructing the Bishoftu mega-airport.

• Detailed design completion targeted by end of February 2026.

• Formal tenders scheduled for March 3; four construction contracts to be signed by August.

• Project cost estimated at USD 9 billion.

• Financing structured through a Special Purpose Vehicle, using project assets as collateral.

• African Development Bank coordinates the project; KPMG serves as financial advisor.

• Final financing agreements expected by December 2026.

Why it matters?
The USD 9 billion airport project is advancing toward tendering and financing closure. SPV-based funding and multilateral coordination shape execution of Ethiopia’s largest aviation infrastructure development.