The Ethio-Djibouti Railway Company has officially launched its new cargo container transport service. The service was inaugurated today by the company’s Chief Executive Officer, Takele Uma, alongside Djibouti Customs Director, Guled Ahmed Youssef.
In Addis Ababa, the Ethio-Djibouti Railway transitioned to joint management by Ethiopia and Djibouti. For the past six years, the Chinese Railway Construction Corporation (CRCC) co-managed the line as part of China's Belt and Road Initiative.
The Ethio-Djibouti Railway (EDR) has announced its plan to increase its annual freight turnover capacity from two million to six million within the next five years. An additional goal on the company's agenda is a rise in revenue from Birr three billion to eight billion annually.
The Ethio-Djibouti Railway Share Company (EDR) is chugging along towards a good year, reporting strong revenue growth in the past nine months. The company earned Birr 2.84 billion from railway services so far.
The Ethio-Djibouti Railway Standard Gauge Share Company (EDR) has officially entered Ethiopia’s competitive logistics sector after securing a Multimodal Transport Operation (MTO) license from the Ethiopian Maritime Authority (EMA).
