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Chinese-built Ethiopia-Djibouti Electric Railway Earns $29m From Carrying Cargo/Passengers In 9-months
Chinese-built Ethiopia-Djibouti railway earns $29m (N11.9b) from transportation cargoes and passengers in the first nine months.
The $4.5bn standard gauge railway is the first modern electrified railway line in East Africa.
The 752.7 km line began operations in January 2018 and is Africa’s first electrified cross-border railway.
The Ethiopia-Djibouti Standard Gauge Railway Share Company (EDR) on Friday disclosed that the Chinese-built Ethiopia-Djibouti railway earned 29 million U.S. dollars in a nine-month period.
In a statement released by EDR, the 29 million U.S. dollars was earned from transporting 1.35 million tons of cargo and 15,480 passengers in the first nine months of the current Ethiopian Fiscal Year (EFY) 2020/2021, which started on July 8.
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Chinese-built Ethiopia-Djibouti electricfied railway earns $29m (N11.9 billion) from carrying cargoes and passengers in 9-months
The $4.5bn Chinese-built Addis-Djibouti standard gauge railway is the first modern electrified railway line in East Africa. It connects the landlocked Ethiopia’s 100 million people with tiny Djibouti on the Red Sea.
The railway line began operations in January 2018 and is Africa’s first electrified cross-border railway.
In May, EDR graduated 34 Ethiopian train drivers who underwent a series of training in Ethiopia and China.
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