Ethiopia: Ethio-Djibouti Railway Vows to Reverse Losses

The Ethio-Djibouti Gauge Railway is set to double the number of freight trains a day to four pairs by November in an effort to break even. It has been functioning with two pairs of freight trains a day – sending two trains to Addis and two to Djibouti – for the past year but is operating at a loss.

With the additional freight trains, the Railway will be able to generate 100 million dollars in revenues a year. Its operating cost currently stands at 70 million dollars a year while generating only a…

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