|Approval Date||16 Apr 2008|
|Signature Date||23 Jun 2008|
|Sovereign / Non-Sovereign||Non Sovereign|
|Sector||Industry, Minning & Quarrying|
|DAC Sector Code||32110|
The Derba MIDROC Cement (DMC) plant project consists of the mining of the Derba-Mugher limestone deposit located 70 km North of Addis Ababa, and its treatment in a cement plant with capacity to recover 5,600 tons per day (TPD) of clinker and 7,000 TPD of cement as a finished product. The project includes the development and upgrade of supporting infrastructure including the access roads, the conveyor belt from the mines to the plant, the power transmission lines, the water pipelines and social amenities. As part of the project, a housing development with all basic amenities (housing, school, recreation center, market, health center, etc.) will be constructed onsite for the benefit of DMC employees. In addition, DMC will set up a Community Development Fund to support small scale businesses for the local communities.
The Derba MIDROC Cement project overall objective is to ensure the availability of cement at a competitive cost for physical and social infrastructure projects such as roads, dams, and bridges as well as housing development projects. It will contribute to reduce the country's dependence on cement imports, thereby helping to redress the current account deficit and easing pressure on foreign reserves.
The main beneficiaries of the project are the Government of Ethiopia (GOE), MIDROC (Al Muwakaba For Industrial Development and Overseas Commerce), local labor, local SMEs, investors and populations.
African Development Bank
|Last Update||31 Oct 2019|