Railway revenues decrease to LE 154.9M in February

CAIRO – 21 March 2018: The revenues of the Railway Authority decreased in February 2018 to LE 154.9 million ($8.77 million) on a monthly basis, compared to LE 190.7 million in January 2018.

Meanwhile, the authority recorded revenues of LE 164.1 million and LE 141.4 million in January and February 2017, respectively.

The Central Agency for Public Mobilization and Statistics (CAPMAS) said in its monthly report that the number of passengers decreased last month to 19.9 million, compared to 20.7 million in February 2017 and 20.7 million in January 2018.

The amount of goods transferred by the railway recorded 362,300 tons in February 2018, compared to 398,700 tons in the same months of 2017 and 421,200 tons in January 2018.

Meanwhile, there were 153 train accidents recorded last month, including the Beheira accident that took place on February 28.

At least 15 people died and 40 were injured in the train crash that took place in Beheira governorate, according to the Transportation Ministry spokesperson Mohamed Ezz.

In January 2018, the revenues of the Railway Authority recorded LE 190.7 million, compared to LE 164.1 million in January 2017 and LE 168.7 million in December 2017.

The 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 for developmental projects to continue.