Basic information

General information

The State Fund for Transport Infrastructure (SFDI) was established by act 104/2000 Sb, on 4th April 2002, and was enabled from 1st July 2000. The aims of the fund are the development, construction, maintenance and modernisation of roads, motorways, railways and inland waterways. Apart from self-financing of construction and maintenance, the fund also contributes to research and project works, education and expert activities connected with transport infrastructure.

Funding

The income of the Fund comes from the revenue of road tax, a percentage of the excise duties on hydrocarbon fuels and lubricants, and surplus raised by fees on certain motorways. In this way some of the revenue received from transport is returned to the transport infrastructure. The European Committee also provide some funding. At the end of each financial year the balance of any income remaining is carried over to the following financial year.

Officials

A general committee of nine, headed by a minister administers the Fund. Committee members are elected by government and serve a term of four years. A chairman is elected by the committee who also have the ability to remove him. The powers of the committee include the approval of proposed budgets, the scheduling of income and expenditure, time-tabling the tendering of projects in accordance with legal requirements and the release of funding for approved projects.

The activities and management of the Fund are supervised by a separate committee of five, elected by members of parliament. These supervisory executives also serve four years.

The committee elects the Chairman of the Fund. His role is to manage the Fund, and to decide upon the release of funding.