Ethiopian Toll Roads Enterprise (ETRE) announced impressive results for the first nine months of the 2023/24 fiscal year. It collected over 748 million Birr in tolls from more than 8.4 million vehicles traveling on its three highways.
“We’re pleased to report a significant increase in revenue and profitability,” said Sintayehu Mekonnen, a public relations expert at ETRE. “This is due to efficient management and a focus on customer service.”
ETRE’s performance included Birr 75.6 million earned from miscellaneous income and a pre-tax profit of Birr 415 million, reflecting a 29% increase compared to last year. Currently, over 30,780 vehicles use ETRE roads daily.
Sentayehu Mekonen acknowledged challenges such as resource theft, reduced night traffic due to safety concerns, and rising maintenance costs. ETRE is collaborating with security forces and road safety experts to address these issues.
Source: Addis Zemen
