ADDIS ABABA, July 16 (Xinhua) -- The Chinese-built Ethiopia-Djibouti railway has transported 2.1 million tonnes of cargo during the Ethiopian fiscal year 2022/2023 ending on July 7 with earnings increasing 35 percent from the previous period, an official said on Sunday. Aminu Juhar, chief corporate strategy officer at Ethiopia-Djibouti Standard Gauge Railway Share Company (EDR), said the 752.7-km rail line also transported 124,000 passengers during the fiscal year. Juhar said the EDR is able to earn 3.3 billion birr (about 60.1 million U.S. dollars) during the past fiscal year, up 35 percent from the previous fiscal year. The EDR official attributed the increase in revenue due to new goods such as vehicles. The Ethiopia-Djibouti standard gauge railway, also known as the Addis Ababa-Djibouti railway, was contracted by China Rail Engineering Corporation and China Civil Engineering Construction Corporation.

Source: Ethiopian News July 17, 2023 00:47 UTC