Court of Auditors Report on the annual accounts of the European Union Agency for Railways for the financial year 2016 together with the Agency’s reply
. This document is a report produced by the European Court of Auditors (“ECA”) on the annual accounts of the European Railway Agency (“ERA”) for the 2016 calendar year and includes a copy of ERA's response. The document does not contain any legislative proposals.
2. ERA was established under EC Regulation 881/2004 to facilitate the development of an open and competitive European rail market. ERA's primary objective is to assist with the implementation of European Union legislation aimed at improving the competitive position of the railway by providing the European Commission with technical advice in the fields of railway safety and interoperability, and it plays a key role in assisting with the implementation of the Railway Safety and Interoperability Directives. ERA also acts as the system authority for the European Rail Traffic Management System (“ERTMS”) project, which has been established to create common railway signalling standards throughout Europe. ERA, which is based in Lille and Valenciennes in northern France, employed 155 members of staff at 31 December 2016.