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Railway Authority Achieves Second Year of Profits
Egypt's railway sector has achieved profits for the second consecutive year after many years of losses, according to the head of the authority, Engineer Mohamed Amer. He attributed this to efforts to halt the loss bleeding and to achieving a balance between revenues and expenses, along with improving financial performance and income. On the other hand, the operating costs of trains have increased due to a rise in diesel prices by 3 Egyptian pounds, with the authority currently spending 756 million Egyptian pounds annually and consuming 21 million liters of diesel each month, which poses a burden on operational processes. Nonetheless, train ticket prices remain between 40% and 80% lower than other modes of transportation, with ongoing services aimed at supporting low-income groups and students, in line with directives from Minister of Transport, Kamel El-Wazir.
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