Management of funds earmarked for building and renewal of the Prague Metro
Press release on completion of the auditing operation No. 05/18
The auditing operation was included in the Annual Audit Plan of the Supreme Audit Office (hereinafter referred to as “SAO”) for the year 2005 under No. 05/18. The auditing operation was managed and the audit conclusion drawn up by Mr. Petr Skála, Member of the SAO.
The aim of the audit was to examine the management of the state budget funds earmarked for programs oriented to building and renewal of the Prague Metro – an underground public transport network. The audited period covered the years 2000 to 2005 at the Ministry of Transport and the Prague Public Transit Company Inc.
Two building and renewal programs for the Prague Metro were supported from the State Budget during the audited period. The first program, where State Budget funds participate, is building of the line IV. C between stations “Nádraží Holešovice” (Railway station Holešovice) and “Letňany”. The second program of the state aid was determined to renew territories damaged by the 2002 flood and the Ministry of Transport provided it. The total amount of the State Budget Aid for the Prague Metro building and renewal was almost CK six billion. Though the funds were used for co-financing of the Prague Metro building, the chosen form of subsidy was not appropriate for an efficiency evaluation of the provided grants.