Ethiopia-Djibouti railway generating 47.4 mln USD income in past five months - News Summed Up

Ethiopia-Djibouti railway generating 47.4 mln USD income in past five months


ADDIS ABABA, Jan. 9 (Xinhua) -- The Ethiopia-Djibouti Railway Share Company (EDR) has disclosed an income of 2.5 billion Ethiopian birrs (about 47.4 million U.S. dollars) for the past five months. Abdi Zenebe, the chief executive officer (CEO) of the EDR, said the Chinese-built 752.7-km Ethiopia-Djibouti railway was able to transport more than 500,000 metric tons of cargo in the past five months, eventually generating 2.5 billion Ethiopian birrs in income, state-run Ethiopian News Agency (ENA) reported Monday. Some of the major export and import commodities transported by the Ethiopia-Djibouti railway included fertilizers, edible oil, wheat, and vehicles, according to the EDR. In August last year, the railway started vehicle shipment from ports in Djibouti to Addis Ababa, the Ethiopian capital. The Ethiopia-Djibouti standard gauge railway, contracted by China Rail Engineering Corporation (CREC) and China Civil Engineering Construction Corporation (CCECC), is the first transboundary railway on the African continent.


Source: Ethiopian News January 09, 2023 18:09 UTC



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