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The Ethiopian Airports Enterprise (EAE) launched the expansion project of the Addis Ababa Bole International Airport in January 2015. The project includes the expansion of Terminal 1 and 2 and the construction of a new VIP Terminal.  The giant expansion project is being built at a cost of 345 million dollars. The loan is funneled by the Export Import Bank of China (EXIM Bank of China). The new terminal is designed by a renowned Singapore architectural firm CGP while the Chinese construction firm, CCCC, is the contractor. ADPI, a French company, is the consultant of the project.