Railwaytransport Archives

28 Apr

Ethio-Djibouti Railway Hits 2.4 Billion Birr Milestone

ethionegari@gmail.com0 CommentsBusiness, NewsAddisAbaba, EthioDjibouti, EthioNegari, Ethiopia, Ethiopianews, Railwaytransport

The Ethio-Djibouti Railway Transport Joint Stock Company has announced a significant milestone, reporting earnings surpassing 2.4 billion birr from passenger and freight services over the past nine months. Spearheading transportation operations, the association accommodates an impressive daily average of 700 to 1000 passengers. Abdi Zenebe, the CEO of the association, proudly proclaimed that the company achieved 98 percent of its outlined objectives by facilitating the transportation of over 155,000 travelers and 1.4 million tons of cargo during this period. Ethiopia assumed the responsibility of managing the association from January 2024, underscoring its commitment to bolstering transportation infrastructure and economic growth.…

25 Aug

Kenya Commences to Build a railway from Lamu port to Addis Ababa

ethionegari@gmail.com0 CommentsBusiness, News, PoliticsAddisAbaba, EthioNegari, Ethiopia, Juba, Kenya, Kibaki, Lamuport, Lapsset, Meleszenawi, Moyale, Railwaytransport, Salvakir, SouthSudan

Kenya Commences to Build a railway from Lamu port to Moyale-Addis Ababa Kenya has announced that it is going to build a railway line connecting Ethiopia for $14 billion. Bloomberg reports that the electric-powered railway will connect Ethiopia and South Sudan from Lamu Port in the Indian Ocean. This railway line will start working in the year 2025 and will be 3,000 km long. The railway line will start from the Indian Ocean, through Osiolo, Kenya's central city, connecting Nairobi and Addis Ababa, and will make its final destination in Juba, South Sudan. This high-speed rail line is about to…

14 Feb

China Gives more than one billion birr for Addis Ababa railway Maintenance

ethionegari@gmail.com0 CommentsBusiness, News, PoliticsAddisAbaba, Addisababarailway, China, Diplomacy, Ethiochina, EthioNegari, Ethiopia, Railwaytransport

Addis Ababa, ET, 14 February 2023:- China provides 1.22 billion birr for Addis Ababa light rail maintenance Ethiopia and China signed 1.22 billion Birr (155 million Chinese Yuan) financial support agreement for Addis Ababa light rail transport service exchange in Addis Ababa. With the financial support, 573 types of spare parts for Addis Ababa light rail transport service will be provided for 5 systems. The financial agreement was done based on the economic and technical cooperation agreement signed two years ago between the governments of China and Ethiopia. The agreement was signed by the Minister of Finance Ahmed Shide on…

10 Jan

Ethiopia-Djibouti railway generates $47.4M income

ethionegari@gmail.com0 CommentsBusiness, Environment, NewsAddisAbaba, Ethio-djboutirailway, EthioNegari, Ethiopia, Railway, Railwaytransport

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 last five months. Abdi Zenebe, the chief executive officer (CEO) of the EDR, said the 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, Ethiopian News Agency (ENA) reported Monday. The income was said to have about 600 million Ethiopian birr increase as compared to the same period of the previous Ethiopian fiscal year. According to figures from the EDR, the railway's…