Nipate
Forum => Kenya Discussion => Topic started by: RV Pundit on July 18, 2018, 08:43:01 AM
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“We launched this service 30 months ahead of schedule. We will be doing a total of 16 trains on the track by end of the 2017/18 financial year, and we expect that to hit 28 by the end of June next year," he said, adding that the Ethiopian SGR did not have as many trains on the track and as much revenue as the Kenyan one.
https://www.nation.co.ke/news/Chinese-to-work-at-SGR-till-2027/1056-4668756-xrjdlw/index.html
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https://www.standardmedia.co.ke/business/article/2001288487/sgr-makes-sh10-billion-loss-in-first-year
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This will end up badly for its defenders and worse for taxpayers.
“It costs a billion a month to run the SGR,” explained Deputy President William Ruto during an interview with a local television station. “The SGR is a huge operation…we have seven cargo trains every day on the SGR. By December, we will have 12 cargo trains every day on the SGR,” he said adding that by the end of this year, the SGR “will have broken even less than a year since we began operations”.
https://www.standardmedia.co.ke/business/article/2001288334/why-ruto-s-claims-on-sgr-untrue
The Transport ministry has defended the Sh1.7 billion-a-month cost of running SGR and has assured Kenyans that the line is making profit and will by 2020 pay back its loan.
SGR makes Sh10 billion loss in first year By Lee Mwiti | Published Wed, July 18th 2018 at 00:00, Updated July 18th 2018 at 07:39 GMT +3 SHARE THIS ARTICLE Share on Facebook Share on Twitter Transport CS James Macharia when he appeared before the National Assembly Transport Committee on SGR at Continental House, Nairobi. [Boniface Okendo/Standard] 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 yesterday 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.
Amazing projections despite opex amounting to 1.7 billion per month!!
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. “Part of the reason we made the loss last year was that it was a bit difficult to convince people that the railway was good for their cargo businesses,” said Mr Macharia.
Read more at: https://www.standardmedia.co.ke/business/article/2001288487/sgr-makes-sh10-billion-loss-in-first-year
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This thing is waste of resources..only politcal goons like pundit can support such nonsense
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How? Very big fat lie. Only Donald Trump can make such big lies in public without feeling embarrassed.
The Transport ministry has defended the Sh1.7 billion-a-month cost of running SGR and has assured Kenyans that the line is making profit and will by 2020 pay back its loan.
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Pundits consider project launches very high up there with FDI.
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Still waiting for sensible post to respond to.
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On SGR, you are an incorrigible apologist blinded by something i cant fathom. You have actually lost your thinking mind. The story below doesn't even begin to make sense. You have totally refused to see sense. The SGR is a railway to nowhere near breaking even (to Shanghai....as the Makueni Senator said). You continue to believe the sordid lies by the bureaucrats who themselves say that last year it made a Shs. 10b loss and then proceed to say that by next year it would be breaking even.....and mark you, mostly driven by passenger traffic not even cargo!!!
I would justify investment by the multiplier effect. The SGR doesn't even begin to get there. The multiplier effect which one would be wont to look at to justify it would quickly conclude that it would have been best to revive the old line; upgrade some of the stations and sleeping towns and have a nationwide network roaring back to life. No need for the Swazuri inspired theft in land compensation and what not. This would have saved us billions with whatever that would have gone into the rehabilitation being very well spent indeed.
“We launched this service 30 months ahead of schedule. We will be doing a total of 16 trains on the track by end of the 2017/18 financial year, and we expect that to hit 28 by the end of June next year," he said, adding that the Ethiopian SGR did not have as many trains on the track and as much revenue as the Kenyan one.
https://www.nation.co.ke/news/Chinese-to-work-at-SGR-till-2027/1056-4668756-xrjdlw/index.html
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We are well into 8-9 daily cargo train - moving to 12 cargo trains daily by Dec - and by next year well into 20 cargo trains daily. This thing is going to be super-profitable before we have to repay the principal. NBO-Mombasa was never in doubt. What is in doubt is NBO to Malaba.
On SGR, you are an incorrigible apologist blinded by something i cant fathom. You have actually lost your thinking mind. The story below doesn't even begin to make sense. You have totally refused to see sense. The SGR is a railway to nowhere near breaking even (to Shanghai....as the Makueni Senator said). You continue to believe the sordid lies by the bureaucrats who themselves say that last year it made a Shs. 10b loss and then proceed to say that by next year it would be breaking even.....and mark you, mostly driven by passenger traffic not even cargo!!!
I would justify investment by the multiplier effect. The SGR doesn't even begin to get there. The multiplier effect which one would be wont to look at to justify it would quickly conclude that it would have been best to revive the old line; upgrade some of the stations and sleeping towns and have a nationwide network roaring back to life. No need for the Swazuri inspired theft in land compensation and what not. This would have saved us billions with whatever that would have gone into the rehabilitation being very well spent indeed.
“We launched this service 30 months ahead of schedule. We will be doing a total of 16 trains on the track by end of the 2017/18 financial year, and we expect that to hit 28 by the end of June next year," he said, adding that the Ethiopian SGR did not have as many trains on the track and as much revenue as the Kenyan one.
https://www.nation.co.ke/news/Chinese-to-work-at-SGR-till-2027/1056-4668756-xrjdlw/index.html
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The likes of Manu Chandaria are very happy for being subsidized by our Mpesa and airtime taxes without passing any benefit to us in price reduction.
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The guys running the rail are saying we are doing so well.
https://www.nation.co.ke/oped/opinion/SGR-puts-Kenya-on-track-to-achieving-higher-economic-growth/440808-4671796-8jtg0a/index.html