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České dráhy

Czech Railways
Company nameČeské dráhy
Company typeGovernment-owned (100 %)
IndustryRailway company
FoundedPrague (2003)
HeadquartersPrague, Czech Republic
Key peoplePetr Žaluda
Revenue(+) 41,000 mio CZK (2010)
Net income(+) -940 mio CZK (2010)
Total assets(+) 75,794 mio CZK (2010)
Total equity(-) 41,889 mio CZK (2010)
Employees(-) 38,046 (2010)
SubsidiaryČD Cargo

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České dráhy or Czech Railways (ČD) is the main railway operator of the Czech Republic. In 2010 its consolidated revenues reached CZK 41.0 bn (-1.6 bn, $2.1 bn). Revenues from passenger transport amounted to CZK 18.7 bn (65 % transfer payments from the government, 25 % intrastate transport, 10 % international transport), revenues from freight transport operated by subsidiary ČD Cargo amounted to CZK 11.8 bn, revenues from traffic control invoiced to state-owned railway infrastructure operator SŽDC amounted to CZK 5.2 bn. With 38 thousand employees ČD Group is the largest Czech company by the number of employees.

The company was established in 1993, after the dissolution of Czechoslovakia as a successor of the Czechoslovak State Railways. It is a member of the International Railway Union (UIC Country Code for Czech Republic is 54), Railways and the Organization for Railways Cooperation (Asia and Europe).

Until 1 July 2008, České dráhy was the biggest employer in the Czech Republic. After experiencing regular losses and requiring government subsidies , the railway reported its first ever "profit" in 2007 although it receives government subsidies. Attempts to make it more efficient are currently ongoing and a recent plan to move passenger transport to an independent subsidiary was approved by the Czech government in January 2008.

ČD operates trains; fixed infrastructure (such as tracks) is managed by SŽDC. In December 2010, the Czech government proposed bringing SŽDC and ČD together in a single holding company. The government has also changed the subsidies available to ČD and SŽDC.

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