Mar 11 • 12:36 UTC 🇱🇻 Latvia TVNET

RB Rail calls the service audit regarding the procurement of track switches an "unnecessary action"

RB Rail's CFO claims that the government-backed audit of their procurement process is unnecessary and not conducive to project progress.

The Chief Financial Officer of RB Rail, Ojārs Daugavietis, criticized a government-supported commission's audit of the company's procurement process regarding track switches and expansion joints as an unnecessary operation. He stated that while the company does not have major concerns about the investigation, it believes the audit does not contribute to the advancement of the project. Daugavietis emphasized the intention to cooperate fully with the commission and provide all requested information, expressing confidence that the company has adhered to legal guidelines throughout the procurement process.

Daugavietis further explained that concerns over the procurement arose from misunderstandings regarding the procurement procedure's negotiation format, leading to unwarranted criticisms. He reassured that RB Rail has made every effort to remain within the boundaries of public procurement laws and believes they have not violated any regulations. The procurement process was reportedly based on core principles and technical specifications, which were perhaps misinterpreted during the commission's inquiry.

The outcome of this audit could have implications for future project developments and corporate governance within RB Rail. It highlights the ongoing complexities in managing public-private partnerships, especially in the context of significant infrastructure projects in the Baltic region. As the company continues to engage with the commission, it remains to be seen how this investigation will influence stakeholder confidence and project timelines.

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