Kenya SGR revenue in second year of operations
Posted: 29 Apr 2020, 16:10
SGR earns Sh13.5 billion revenue in second year of operations
The standard gauge railway (SGR) line raked in sales of Sh13.5 billion in its second full year of operations, signalling that the mega project will take longer to break even.
The revenues largely driven by a jump in income from freight services, which began charging commercial rates after the end of promotional tariffs in 2018 while increased use of first class tickets in the passenger service compensated for fewer journeys, official data show...