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The company’s recurrent
budget is funded from vehicular tolls and Government subvention, paid in
lieu of foregone revenue occasioned by free passage of passengers.
This arrangement is courtesy of a Memorandum of Understanding between
the Government and Kenya Ferry Services which inter alia provides for
compensation for loss of revenue occasioned by the free carriage of
passengers. It is calculated on the basis of capacity utilisation
currently at the ratio of 65:35 where 65 is the capacity utilized by the
pedestrians and 35 is the capacity utilized by vehicles.
Capital investment is funded separately by the Government.
The company also intends to broaden its revenue base by investing into
other revenue earning programmes and product portfolio to broaden its
revenue base in view of the escalating cost of operations. Such products
include Advertising, Cruise hire, Bus terminus, Public Pay washrooms,
Stalls and Bunkering for fuel and water and Operation of other
commercial ferry services.
