Ethiopia Djibouti Railway (EDR) earns 1.4 billion Birr in revenues during 2020, showing a 36.6 percent increase compared to the preceding year.
The share company, which is owned by the government of Ethiopia and Djibouti, managed to increase its revenues despite the impacts of the coronavirus on its activities, even forcing it to suspend train services to passengers.
Ministry of Finance (MoF), which has represented Ethiopia during a regular meeting of shareholders, announced an agreement is reached to resume passenger train services soon.
The two countries' ministries of health are already directed to present their assessment to the management and recommend which terminals should be opened first, according to MoF.
The railway plans to transport 37,000 passengers and two million cargoes in 2021. Built with a cost of four billion dollars, it links Ethiopia's capital, Addis Ababa, to Djibouti - a stretch of more than 750km (466 miles).
While China's Exim Bank covered 70 percent of the railway project cost during the construction period, it was built by China Railway Group and China Civil Engineering Construction.
