Council of Ministers Regulation No. 141/2007 ETHIOPIAN RAILWAY CORPORATION ESTABLISHMENT | GOALGOOLE | Because you need Information for your goals !
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Council of Ministers Regulation No. 141/2007 ETHIOPIAN RAILWAY CORPORATION ESTABLISHMENT

Council of Ministers Regulation No. 141/2007
ETHIOPIAN RAILWAY CORPORATION
ESTABLISHMENT
COUNCIL OF MINISTERS REGULATION

This Regulation is issued by the council of Ministers Pursuant to Article 5 of the Definition of Powers and Duties of the Executive Organs of the Federal Democratic Republic of Ethiopia Proclamation No. 471/2005 and Article 47(1)(a) of the Public Enterprises Proclamation No. 25/1992.

1.    Short Title

This Regulation may be cited as the “Ethiopian Railway Corporation Establishment Council of Ministers Regulation No. 141/2007

2.    Establishment

1)    The Ethiopian Railway Corporation (hereinafter the “Corporation”) is hereby established as a public enterprise.

2)    The Corporation shall be governed by the Public Enterprises Proclamation No. 25/1992.

3.    Supervising Authority

The Ministry of Transport and Communication shall be the supervising authority of the Corporation.

4.    Head Office

The Corporation shall have its head office in Addis Ababa and may have branch offices elsewhere, as may be necessary.

5.    Purposes

The purposes for which the Corporation is established are:

1)    to build railway infrastructure;

2)    to operate cargo railway transport services;

3)    to operate passenger railway transport services;

4)    to engage in other related activities necessary for the attainment of its purposes.

6.    Capital

The authorized capital of the Corporation shall be Birr 3,000,000,000 (Three Billion Birr) of which Birr 750,000,000 (Seven Hundred Fifty Million Birr) is paid up in cash and in kind.

7.    Liability

The Corporation shall not be liable beyond its total assets.

8.    Duration

The Corporation is established for an indefinite period of time.

9.    Effective Date

The Regulation shall come into force on the date of publication in the Federal Negarit Gazeta.
Done at Addis Ababa, this 29 day of November, 2007

MELES ZENAWI
PRIME MINISTER OF THE
FEDERAL DEMOCRATIC REPUBLIC OF
ETHIOPIA