Ethiopian Railway Arbitration Award Reaches US$242.7 Million

Reporting published on 21 October said an arbitration tribunal awarded Turkish contractor Yapi Merkezi a gross US$242.7 million in a dispute linked to its Ethiopian railway contract. The report identified US$9.4 million as the Ethiopian Railway Corporation’s direct liability and a US$213.6 million balance before interest after a refunded advance; the contractor stated a higher total including interest. Legal advisers, contractors and compliance teams can contact HPC for a quotation on document analytics, contract-data management and project-governance solutions.