Restructuring model of railways of the Republic of Srpska

Siniša Urumović, Gordana Ilinčić, Biljana Urumović, Danijela Kuravica

Last modified: 2024-04-05

Abstract


Republika Srpska has identified restructuring of the railway sector among top priorities to improve public finance and ensure the provision of high-quality rail services. Modernization of the railway sector was envisaged as the reform of the company in order to operate public rail transport of passengers and goods in accordance with the EU principles and Directives. The objectives of organizational restructuring are to provide the ŽRS with appropriate mechanisms to support their long-term financial sustainability and to align the organizational structure with the railway framework of EU directives and regulations, while creating a clear vision, direction and independence of the role of infrastructure management and operations. The specific objectives of this component include planning and implementation of a new, more commercially driven organizational structure of ŽRS, consisting of corporate core plus two independently managed and separately accounted business divisions, one for infrastructure management and one for transport operations. Within the operations, the accounts will be kept for freight and passenger traffic.

Keywords


restructuring of the railway sector; organizational structure of ŽRS; financing of railway services;