The venture has granted the Chinese unmistakable truck maker Jinan Sinotruck Co. at an absolute expense of 13 million dollars. As indicated by the endeavor the obtainment will be financed (70 percent) by credit from the Commercial Bank of Ethiopia while the rest of being financed by the Enterprise itself.
As per Roba Megersa, CEO of ESLSE the undertaking has as of now launched the cycle to import the trucks in the coming three months. "We have just opened a letter of credit to get the unfamiliar money," said Roba – including that the undertaking would get the new vehicles inside a quarter of a year.
On the most recent offer declaration, ESLSE communicated its enthusiasm to purchase the 6×4 trucks, the 4 hub payload semi-trailers that are trucks with three axles, and the 4 pivot trucks with two front axles. "The venture at first expected to import 4 pivot load limit trucks which were precluded in the nation due to street over-burden factors.
The primary offer was glided about a year back which was relied upon to be opened in September 2019, yet because of the issue of pivot load norms of Ethiopia that is counseled by the Ethiopian Roads Authority and Ministry of Transport, the opening was deferred to October.