Kenya Railways Corporation’s (KRC) income from the Standard Gauge Railway (SGR) increased by 21.2 percent to Kes 18.2 billion in the financial year ending June 2023.

According to the latest data from KRC, the increase was from Kes 15.01 during a similar period ending June 30, 2022.

 The Corporation attributed the improved revenue to high passenger traffic numbers and cargo volumes.

“During the period, there was significant growth in internally generated revenue, which rose from Kes 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.

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The revised rates raised the one-way ticket price for economy travellers by Kes 500 to Kes 1,500.

Likewise, the earnings from its metre gauge railway (MGR) activities increased to Kes 1.2 billion from Kes 875 million.

Due to both its affordability and the high cost of passenger transportation car services brought on by excessive fuel prices, rail transit has been very popular.

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