Railway freight transportation revenue increased for the first time in 6 years

Railway freight transportation revenue increased for the first time in 6 years

access_time2020-08-07 09:25:19


Georgian Railway’s revenue received from the cargo transportation has increased for the first time in the last 6 years. Freight transportation accounts for  the largest share of the state-owned company's revenue. In 2019, the railway earned  $ 109.4 million that is 14% more compared with the previous year.

Shipping of both dry and liquid cargoes caused  a revenue growth.

In total, the railways generated $ 174.2 million in revenue last year that is 4% more compared with last year.

Despite the pandemic, Georian Railway started 2020 profitably. In the first 5 months of the year, GR increased the volume of cargo transported by the railway by 8.4%.

Georgian Railway LLC Revenues in 2012 - 2018:


· 2012 - GEL 469.8 million;

· 2013 - GEL 481.7 million;

· 2014 - GEL 511.5 million;

· 2015 - GEL 574.7 million;

· 2016 - GEL 439.9 million;

· 2017 - GEL 434.5 million;

· 2018 - GEL 424.6 million;

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