March 30, 2016

Israel reports 9% passenger increase

Written by  Jeremaya Goldberg
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ISRAEL Railways (IR) reported a net profit of Shekels 265m ($US 70m) in 2015, following a 9% increase in passengers using the network to 52.8 million during the year.

IR's profit from current activities was Shekels 76m compared with Shekels 128m in 2014 as a result of one-time costs.

Revenues from passenger traffic reached Shekels 775m compared with Shekels 713m in 2014, an increase of 9%. The daily ridership average is now 200,000 compared with 184,000 in 2014, while total passengers have increased by 40% annually since 2009.

Freight traffic remained static at 7.5 million tonnes with revenues of Shekels 165m.

For more on Israel Railways' development plans, see the March issue of IRJ p22, or click here.

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