The Ethiopian Shipping and Logistics Services Enterprise disclosed that it is expanding the Modgo dry port to enable it accommodate services tied with export goods in addition to the already underway service for import goods.
Acting CEO of the Enterprise, Mesfin Tefera, said that the dry port is currently providing services only for imported goods but is expected to be a hub also for export goods in the future.
The Enterprise has tailored a five year expansion program that is being undertaken on the dry port, he noted.
The expansion is being undertaken via 150 million USD debt secured from the World Bank and is expected to inculcate infrastructures vital for services related to export goods.
The project will support investments in physical infrastructure and ICT systems, as well as regulatory improvements which will increase exports, generate jobs, and raise incomes of producers and traders.
Consistent with Ethiopia’s Logistics Strategy, the vision for Modjo is to evolve from being a single-user dry port that focuses on customs clearance, to a multi-user, multi-purpose facility, where third party logistics providers gather together to provide modern services.