1. Home
  2. Maritime industry news - PortNews
  3. EU Audit: “Rail Baltica” is being conducted transparently and efficiently

2013 October 29   15:18

EU Audit: “Rail Baltica” is being conducted transparently and efficiently

The accountancy firm of the United Kingdom PKF Littlejohn LLP performed an audit ordered by the European Commission on the utilization of EU funds for establishing the European gauge railway project “Rail Baltica”. The actions carried out by the “Rail Baltica” project executors were evaluated as transparent and credible.

The audit was analyzing the records and eligibility of expenditure incurred in designing “Rail Baltica” from Lithuanian – Polish to Lithuanian – Latvian borders. The investigations evidenced that all the means used to this day – 5 698 833.6 EUR (19 676 932.65 LTL) – were used properly without any violation of EU and Lithuanian laws.

In addition, the auditors had no complains about the public procurement procedures and highlighted that the openness of competitions led to an easy understanding and evaluation of all the decisions.

It was ascertain that the internal control system concerning the public procurements, document flows and identification of expenditures works well, reliable, in accordance with the EU and Lithuanian legislation.

Finally, the auditors found no ‘double financing’ cases where the same project is being funded by the different EU funds.

Latest news

2025 March 29

2025 March 28

2025 March 27

Mon Tue Wed Thu Fri Sat Sun
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31