Consolidation of controlling and decision-making processes of the Railway Infrastructure Administration (SŽDC), state organization

09.02.2012

Prague, 9th February 2012 – Following today´s meeting of SŽDC´s Management Board, stricter terms related to control and approval processes have been applied with a view to stabilizing SŽDC as a standard firm. The so-called „four-eye principle“ has been introduced, i.e. a rule specifying that key documents will always be approved and signed not only by Ing. Pavel Habarta, SŽDC Executive Director but also by Ing. Bohuslav Navrátil, the newly-appointed Deputy DG for Rail Operability. Ing. Navrátil also acts as the legally qualified representative of SŽDC as the rail operator. All this leads to the modification of obsolete rules related to decision-making principles of SŽDC as the decision-making and the responsibility have been split among more managers of the company.

The upcoming investment orders under the Operational Programme Transport from the Cohesion Fund of the European Union with an anticipated budget of over CZK 200 million will be approved by SŽDC´s Management Board. The objective is to enhance the know-how and the competence of the Management Board.

SŽDC´s management expects these measures to result in enhanced control, consolidation and standardization of decision-making processes up to the level of similar big companies. These arrangements were particularly necessary after the implemented transfer of rail maintenance and operation control and an effective transformation of a former small state organization into one of the biggest investors and the largest companies in the Czech Republic.
 


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