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Auditors slam financial planning for Swiss rail projects

The Swiss Federal Audit Office says poor financial planning has underestimated the projected cost of railway upgrade projects to the tune of several billion francs. +Get the most important news from Switzerland in your inbox In a report published this week, auditors highlight shortcomings in financial forecasting and the quality of data. Given the scale of the projects, this could lead to large financial discrepancies between the start and end of projects. The Federal Office of Transport must improve its management of the Rail Infrastructure Fund, which finances the development and maintenance of the railway network, according to the report. Administrators and parliament lack sufficient transparency to make informed decisions. Auditors highlight shortcomings in data collection, which is incomplete and does not always indicate whether the amounts include or exclude VAT, or whether inflation has been adjusted. Discrepancies were also observed between data used for forecasts and for ... Full story here Are you the author?
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