A major source of finance to the Railway Corporation in West African countries is_______
Answer Details
The major source of finance to the Railway Corporation in West African countries is government subvention. This means that the government provides financial support to the Railway Corporation in order to help them fund their operations, maintain and upgrade their infrastructure, and purchase new equipment.
This support can come in the form of direct funding, grants, or loans, and is usually included in the national budget. The government subvention is important for the Railway Corporation because it allows them to continue providing transportation services to the public, without having to rely solely on revenue from ticket sales or other sources.
Other sources of finance, such as sale of shares or trade credit, may also be used by the Railway Corporation, but they are typically less significant compared to government subvention. Surplus, on the other hand, is a financial term used to describe a situation where the Railway Corporation's revenues exceed its expenses, which can then be reinvested in the company or distributed to shareholders as dividends. However, surplus is not a reliable or consistent source of finance, and is not something that can be relied on to fund the Railway Corporation's operations.