Shane Ross T.D. Minister for Transport, Tourism and Sport
Córas Iompair Éireann (CIÉ), as a statutory body, has no issued share capital or equity invested in it. Hence, technically speaking, it does not have a shareholder as such. However, as the Irish Government is currently the sole owner of CIÉ, the Government's representatives are the
Minister for Transport and his Department.
For operational purposes, CIÉ has three wholly owned subsidiary limited liability companies set up under the Companies Acts as provided for in the Transport (Reorganisation of Córas Iompair Éireann) Act, 1986. Each of these has issued and paid up share capital.
Role of Public Transport
The strategic objectives set out by the Minister and the Department in relation to public transport are:
The provision of a well functioning, integrated public transport system, which enhances competitiveness, sustains economic progress, promotes balanced regional development and contributes to social cohesion.
The provision of a defined standard of public transport, at reasonable cost to the customer and the taxpayer.
To ensure the timely and cost effective delivery of the accelerated investment in the infrastructure and facilities necessary to ensure improved public transport provision.