ETHIOPIAN Railways Corporation (ERC) and Korea’s national operator Korail have signed a memorandum of understanding (MoU), which aims to strengthen cooperation between the two companies and lay the groundwork for future agreements that will improve the efficiency and reliability of railway services in Ethiopia.
Under the agreement, ERC and Korail have formed the Korea-Ethiopia Railway Working […]
ERC CEO, Helina Belachew, and Korail CEO, Han-Hee Moon, signed the agreement.
Photo Credit: ERC
ETHIOPIAN Railways Corporation (ERC) and Korea’s national operator Korail have signed a memorandum of understanding (MoU), which aims to strengthen cooperation between the two companies and lay the groundwork for future agreements that will improve the efficiency and reliability of railway services in Ethiopia.
Under the agreement, ERC and Korail have formed the Korea-Ethiopia Railway Working Group that will facilitate the sharing of railway-related information and business updates. It will also serve as a forum for discussion and the sharing of project status information.
ERC CEO, Helina Belachew, says the partnership is set to bring “tremendous benefits” to ERC and Ethiopia’s economy as a whole. CEO, Han-Hee Moon, signed the agreement on behalf of Korail.