SGR reveals Sh21bn loss as China firm debt rises

train cargo, standard gauge railway, sgr, nairobi terminus

Business Daily | by John Mutua

Taxpayers face a huge bill sustaining services on the standard gauge railway (SGR) after it posted a combined operating loss of Sh21.68 billion in the three years to May.

A report to Parliament by the Transport ministry revealed that the China-built railway netted Sh25.03 billion in revenue over the period against operational costs totalling Sh46.71 billion — a gap that taxpayers have to plug…

Read more…


LEAVE A REPLY

Please enter your comment!
Please enter your name here