CIÉ Ireland - CIÉ Financial losses and the Future - BCIÉ Ireland - B CIÉ Financial losses and the Future CIÉ was established to provide road and railway transport, and later took on some of the canals and ports. It was empowered as both a provider and a licensor of other providers. For most of its existence CIÉ, in particular its railways division, made large losses and was subsidised by the taxpayer. This provoked demands from the public and politicians to "make CIÉ pay". In a similar pattern that seen in many other countries, Ireland's railways were accordingly rationalised, and suffered severe cutbacks while at the same time the road division was expanded. The Baker Tilly report found an amount of corporate malpractice in 2004-08. CIÉ did not pass on the report to the Minister for Transport until it was mentioned in the media. CIÉ Losses in 2009
The biggest change to CIÉ's operational structure since 1987 came with the establishment of the National Transport Authority in December 2009, which has powers over CIÉ's operations in the Greater Dublin Area. The Dublin Transport Authority Act, 2008 also gives the Minister for Transport instead of the chairman of CIÉ the power to appoint the directors of the subsidiary companies. CIÉ receives public service obligation payments to support the provision of services on most of its routes. In 2013, Dublin Bus and Bus Éireann made a profit of €500,000 and €400,000 respectively, for the first time in a number of years. CIÉ Overview CIÉ Type: Statutory Corporation CIÉ Industry: Infrastructure & Public Transport State Administrator CIÉ Predecessors: Great Southern Railways Dublin United Transport Company Great Northern Railway (1958) CIÉ Founded: 1 January 1945, 78 years ago CIÉ Headquarters: Dublin Heuston Dublin 8 D08 E2CV CIÉ Area Served: Ireland CIÉ Key People: Fiona Ross (Non-Executive Chairman) CIÉ Revenue Increase: €1.315 billion (2018) CIÉ Operating Income: Increase €72.1 million (2018) CIÉ Net Income: Increase -€35 million (2018) CIÉ Owner: Government of Ireland (100%) CIÉ Parent: Department of Transport CIÉ Divisions: CIÉ Tours International CIÉ Subsidiaries: Iarnród Éireann Dublin Bus Bus Éireann | |||||
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