Railway revenues increase to LE 164.1M in January

Source : ET


The revenues of the Railway Authority recorded LE 190.7 million ($10.8 million) in January 2018, compared to LE 164.1 million in January 2017 and LE 168.7 million in December 2017, the Central agency for Public Mobilization and Statistics (CAPMAS) said on Wednesday.

The number of passengers decreased last month to 20.7 million, compared to 21.1 million in January 2017 and 20.4 million in December 2017, according to the statement.

The amount of goods transferred by the railway recorded 541,200 in January 2018, compared to 437,800 in January 2017 and 424,400 in December 2017.

Meanwhile, train accidents increased last month to 187 accidents, compared to 105 accidents in January 2017.

In 2017, the Egyptian National Railways Authority signed an agreement to purchase 100 train engines worth $575 million from General Electric (GE).

The Egyptian Railways Authority’s budget in fiscal year 2017/18 is LE 3 billion.

Minister of Transportation Hesham Arafat said in a June statement that it should have been LE 9 billion in order to continue developmental projects.

The Egyptian National Railways Authority’s revenues increased 16 percent in June 2017, achieving LE 149.6 million, compared to the LE 128.8 million recorded in June 2016.

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