Ethiopia-Djibouti Railway’s revenue increases by 51 pct in six months

Addis Ababa, September 21, 2020 (FBC) – The Ethiopia-Djibouti Standard Gauge Railway has recorded an over 51 percent increase in revenue during the first half of 2020 despite the difficulties brought by the COVID-19 pandemic.

Ethiopia-Djibouti Railway stated that its revenue had increased 45 percent in 2019 as compared with its maiden year in 2018, while its income also climbed by 51.38 percent in the first-half of 2020 as compared with the same period of 2019 despite the difficulties brought by COVID-19 pandemic, it was noted.

The railway had in August also commenced the refrigerated train service, by which the Ethiopian fruits and vegetables will be sold to Europe and other parts of the world.

The Ethiopia-Djibouti railway presently provides different kinds of freight services including the transportation of perishable goods, vehicles, cereals and fertilizers at Indode, Mojo, Adama, and Nagad stations.

The Transport Minister, Dagmawit Moges, stressed that the Ethiopia-Djibouti railway “is a flagship of mega projects of three brotherly countries: Ethiopia, Djibouti and China.”

The 756-km railway which commenced its commercial operations for both passenger and freight services with ports in Djibouti in January 2018 is Africa’s first fully electrified trans-boundary transportation.

Source: focac.org