Wednesday, May 4, 2011

The Mega Nile Dam and the Millennium Bond: Redemption or Deception of the TPLF Government? (Ethiomedia)

Many Ethiopians are wondering why Zenawi’s regime decided to embark on this huge project that could have serious impact on peace, stability, and development of the country and the region. The general sentiment is captured in a paragraph of an article by an anonymous writer that appeared on Ethiomedia, May April 26, 2001:

Undoubtedly, given the topography of the Blue Nile valley, constructing a hydroelectric dam on it requires a high-level engineering technology not to speak of the billions of Birr it requires. Has Meles acquired donor funding for it? We know he hasn’t and in the deputy prime minister’s own admission they have not secured any funding; and it is highly unlikely that donors will ever fund it because of political reasons that can trigger the wrath of Egypt thereby affecting the Middle East peace process. Why choosing this risky business at this time? No funding, political risks: why risk it now? Is it really possible to build a dam of such scale without donors’ grants or loans from them but with contributions from the most impoverished people in the world and by selling bonds to them? We can discern from this that the purpose of the millennium project rhetoric is not development as it is neither serious nor feasible. By now, we can see the dominant feature of the political aspect in this project. It is indeed a political project aimed at deceiving the public and diverting their attention from a possible uprising....more..

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