The Belarus based Sky Way Investment Group (SWIG) has set its sights on Ethiopian cable transport.
On Saturday, May 18th, it presented the idea of building a commercial cableway to the Ethiopian Minister of Transport and his staff. This new technology aims to save more space in urban areas.
According to the company, cable car construction has competitive advantages over the traditional railway construction method. Indeed, it significantly reduces the land use for roads and infrastructure.
Also, the construction of the cable car eliminates embankments and transport tunnels and reduces the use of financial and human resources on a larger scale.
Once completed, this mode of transport will be used to connect airports in downtown Ethiopia, from city centers to suburbs and neighboring cities with the transportation of goods.
SWIG believes that it is a suitable mode of transport not only for mountainous areas, but also for areas that are difficult to access.
In addition to the presentation of the project, the company unpacks the method of financing the project.
SWIG intends to finance the development of its project through public-private partnerships in which the public can invest.
“Apart from the cost of rolling stock, passenger stations, terminals and infrastructure, the value of an urban high-speed rail line is estimated at about $3 million per kilometer,” the group said.
SWIG is a railway construction company established in Ethiopia through Technosaat, a company owned by Ethiopians involved in the development and adaptation of various technologies in the country.
It is then that the company will be an official partner of SWIG for the implementation of the Ethiopian cable car.