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Tuesday, May 7, 2024

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

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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.”

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