2023-07-18 18:54:00
(Ecofin Agency) – Since its commissioning more than 5 years ago, the Addis Ababa – Djibouti railway strengthens regional integration in addition to becoming a catalyst for trade.
The Addis Ababa – Djibouti rail network transported 124,000 passengers in the 2022-2023 fiscal year that ended on July 7, Chinese media reported. Xinhua. This 752.7 km railway built by China was also used to transport 2.1 million tonnes of goods over the period, an increase boosted by vehicle transport according to Ethiopia-Djibouti Standard Gauge Railway Share Company (EDR) .
This level of activity enabled the authority operating the railway to collect 3.3 billion birr (about 60 million USD) in revenue, an increase of 35% compared to the previous financial year. According to Aminu Juhar, director of corporate strategy at EDR, the rail freight business was the main driver of this performance.
Operational since January 2018, the Addis Ababa-Djibouti railway is an essential link for Ethiopia’s supply and international trade, which has made the port of Djibouti its gateway to the sea. a more secure corridor for Ethiopia, while the routes via Eritrea are affected by the frequent armed conflicts between the two countries.
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