The Ethiopian Government has finalised plans for the construction of an international airport in the country’s capital city Addis Ababa with an investment of around $4bn.

The airport will be built within a radius of 100km from Addis Ababa and will be developed in several phases in a span of about eight years.

On completion, it will feature four runways and an undisclosed number of passenger terminals with a capacity for more than 100 million passengers annually.

"The airport city will make Ethiopia a hub for the whole region."

Ethiopian Airports Enterprise (EAE) CEO Tewodros Dawit told AIN: "It’s not only a runway and terminal that we are going to build.

"The airport city will make Ethiopia a hub for the whole region."

In November 2014, the EAE commissioned ADPI, a French consultancy firm, to conduct a study on the mega hub airport development project. Modjo, Teji and Dukem regions under the Addis Ababa province were proposed for the new airport construction.

Addis Ababa’s Bole International Airport serviced more than eight million passengers last year, with the passenger traffic expected to increase further by 18% in the coming years.

Currently, a terminal expansion project worth $350m is underway at the Bole airport, slated to be completed in 2018.