NAIROBI, Kenya, Jan 17 – Kenya Railways Corporation’s (KRC) income from the Standard Gauge Railway (SGR) expanded by 21.2 percent to Sh18.2 billion in the financial year ending June last year.
The latest data from KRC shows that this was an expansion from Sh15.01 during a similar period ending June 30, 2022.
Improved revenue is attributed to high passenger traffic numbers as well as cargo volumes.
“During the period, there was significant growth in internally generated revenue, which rose from ksh 5.7 billion in 2017/18 to 14.5 billion in 2019/20 and 21.7 billion in 2022/2023 majorly attributed to SGR operations,” read the financial report by KRC in part.
It comes after the corporation increased fare charges for SGR users between Nairobi and Mombasa starting this month.
In the new changes, the fare for economy passengers was increased by Sh500 to Sh1,500 for a one-way ticket.
Similarly, its meter gauge railway (MGR) operations saw an improvement in earnings from Sh875 million to Sh1.2 billion.
The popularity of rail transport has been high owing to its affordability as well as costly passenger service vehicle services due to exorbitant fuel prices.
