Standard Gauge Railway Made Sh9.89 Billion Loss

The Standard Gauge Railway (SGR) made a Sh9.89 billion loss in its first year of operation, according to the latest figures from the Ministry of Transport. Documents tabled by Transport and Infrastructure Cabinet Secretary James Macharia before National Assembly’s Transport Committee revealed that the Chinese-built railway averaged a monthly loss of Sh750.7 million in the 2017/18 financial year largely as a result of low cargo business.
However, the Government projects that the railway will make a profit of Sh5.08 billion between now and June next year, averaging Sh424 million earnings per month

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