Ethiopia Faces $213.7 Million Railway Arbitration Award

According to Capital Ethiopia, An international arbitration tribunal has ordered the Ethiopian Railway Corporation (ERC) to pay Turkish construction company Yapı Merkezi $213.7 million in damages in a long-running dispute over the suspended Awash–Kombolcha–Woldiya–Hara Gebeya railway project. The tribunal also ordered the repayment of $29.1 million in advance payments, bringing the total amount identified in the ruling to about $242.8 million, according to information obtained by Capital.