6.6 C
London
Sunday, May 19, 2024

Austria taken to court over lack of financial transparency in rail sector

Listen to this article

The European Commission (EC) is to take Austria to the Court of Justice over an apparent lack of financial transparency in the country’s rail sector.

In a statement, the EC said that Austria wasn’t working hard enough to ensure that subsidies paid for passenger transport services were being properly recorded in relevant accounts.

The EC said: “It cannot be excluded that public funds are used to cross subsidise other transport services. This could distort competition, potentially giving an unfair competitive advantage to those receiving the public subsidies.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Rail News

Work starts on Eaglescliffe station improvement scheme

Network Rail, Tees Valley Combined Authority, and Stockton-on-Tees Borough Council have started work to transform Eaglescliffe railway station and...

More like this...