Investments - Italy

PRB monitoring

▪ ENAV planned a total RP3 asset value for new investments of 344M€₂₀₁₇, of which 70% for new major investments. ENAV planned 15 new major investments for RP3, all of which have started.

▪ ENAV planned RP3 new investments represent 7% of the Union-wide total amounts of the assets for new investments. ENAV planned to invest more in CNS systems compared to the Union-wide median (22% vs 18% respectively), and less for ATM systems (40% vs 47%).

▪ ENAV underspent -11M€₂₀₁₇ (-1.5%) in costs related to investments during RP3 (-9.6M€₂₀₁₇ in en route and -1.2M€₂₀₁₇ in terminal), according to the reporting tables. However, in the monitoring reports, ENAV reported an underspending of -56M€₂₀₁₇ (-11%). No explanation for the differences has been provided. The PRB recommends that the NSA conduct a thorough review of the investments costs and provide all the required information regarding investments in RP4, in the context of the annual monitoring process and the cost-exempt reporting, to enhance transparency for airspace users.

▪ ENAV reported 13M€₂₀₁₇ funding from Union assistance programmes in RP3, while SESAR Deployment Manager data indicates payments for 23M€₂₀₁₇ during the reference period.

Value of the assets for New Investments included in the Performance Plan Italy | ENAV

Determined and additional asset value by investment category

Total value of the asset for new investments (M€2017)	344.19	% of total
New major investments (above 5M€ each)	239.55	70%
Included in the performance plan	239.55	70%
Additional	0.00	0%
Other new investments (below 5M€ each)	104.65	30%

Determined asset value: en route and terminal

Total value of the asset for new major investments (M€2017)	239.55	% of total
En route	176.04	73%
Terminal	63.51	27%

Determined asset value by type of investment

Total value of the asset for new major investments (M€2017)	239.55	% of total
ATM systems	95.03	40%
CNS systems	51.74	22%
Infrastructure	54.71	23%
Other	24.59	10%
Unknown	13.47	6%

Asset value for new investments: ANSP compared to Union-wide

Costs related to investments included in the Performance Plan Italy | ENAV

New and existing investments

Determined costs	2020D	2021D	2022D	2023D	2024D	RP3
Total costs of new and existing investments (M€2017)	77.49	79.82	99.97	112.87	123.97	494.12
New major investments	37.58	41.68	47.43	44.46	68.39	239.55
Other new investments	8.47	12.87	21.27	36.05	25.99	104.65
Existing investments	31.45	25.27	31.27	32.36	29.59	149.93

Actual costs	2020A	2021A	2022A	2023A	2024A	RP3
Total costs of new and existing investments (M€2017)	77.49	76.07	87.76	94.47	101.96	437.75
New major investments	37.58	42.49	44.71	46.87	52.33	223.99
Other new investments	8.47	10.56	16.52	16.02	14.20	65.76
Existing investments	31.45	23.02	26.53	31.58	35.43	148.00

Difference (A-D)	2020	2021	2022	2023	2024	RP3
Total difference (M€2017)	0.00	(3.76)	(12.21)	(18.40)	(22.01)	(56.37)
New major investments	0.00	0.82	(2.72)	2.40	(16.06)	(15.56)
% change of actual with respect to determined	0%	+2%	-6%	+5%	-23%	-22%
Other new investments	0.00	(2.32)	(4.75)	(20.02)	(11.79)	(38.88)
% change of actual with respect to determined	0%	-18%	-22%	-56%	-45%	-141%
Existing investments	0.00	(2.26)	(4.74)	(0.77)	5.84	(1.93)
% change of actual with respect to determined	0%	-9%	-15%	-2%	+20%	-7%

Costs of investments by nature - En route

Determined costs	2020D	2021D	2022D	2023D	2024D	RP3
Total costs of new and existing investments (M€2017)	134.07	117.84	114.25	115.94	117.63	599.72
Depreciation	91.26	84.94	88.77	88.98	89.12	443.06
Cost of capital	42.81	32.90	25.48	26.96	28.51	156.67
Cost of leasing	0.00	0.00	0.00	0.00	0.00	0.00

Actual costs	2020A	2021A	2022A	2023A	2024A	RP3
Total costs of new and existing investments (M€2017)	134.07	113.77	109.39	117.07	115.85	590.14
Depreciation	91.26	82.38	80.16	79.53	81.25	414.58
Cost of capital	42.81	31.39	29.23	37.54	34.60	175.56
Cost of leasing	0.00	0.00	0.00	0.00	0.00	0.00

Difference (A-D)	2020	2021	2022	2023	2024	RP3
Total difference (M€2017)	0.00	(4.07)	(4.86)	1.13	(1.78)	( 9.59)
Depreciation	0.00	(2.56)	(8.61)	( 9.45)	(7.86)	(28.48)
Cost of capital	0.00	(1.52)	3.74	10.58	6.09	18.89
Cost of leasing	0.00	0.00	0.00	0.00	0.00	0.00

Costs of investments by nature - Terminal

Determined costs	2020D	2021D	2022D	2023D	2024D	RP3
Total costs of new and existing investments (M€2017)	27.50	22.99	23.19	23.81	24.35	121.84
Depreciation	17.82	16.59	17.34	17.38	17.40	86.52
Cost of capital	9.68	6.40	5.86	6.44	6.95	35.32
Cost of leasing	0.00	0.00	0.00	0.00	0.00	0.00

Actual costs	2020A	2021A	2022A	2023A	2024A	RP3
Total costs of new and existing investments (M€2017)	27.50	21.99	22.38	24.50	24.30	120.67
Depreciation	17.82	16.09	15.66	15.53	15.87	80.98
Cost of capital	9.68	5.90	6.72	8.96	8.43	39.68
Cost of leasing	0.00	0.00	0.00	0.00	0.00	0.00

Difference (A-D)	2020	2021	2022	2023	2024	RP3
Total difference (M€2017)	0.00	(1.00)	(0.82)	0.69	(0.05)	(1.17)
Depreciation	0.00	(0.49)	(1.68)	(1.84)	(1.53)	(5.54)
Cost of capital	0.00	(0.50)	0.86	2.53	1.48	4.37
Cost of leasing	0.00	0.00	0.00	0.00	0.00	0.00

Costs by new major investments

Determined costs	2020D	2021D	2022D	2023D	2024D	RP3
Total costs of new and existing investments (M€2017)	37.58	41.68	47.43	44.46	68.39	239.55
AMPLIAMENTI E RISTR. ACC	0.18	1.89	6.13	2.38	4.20	14.79
NUOVO SISTEMA ATM ACC	10.86	5.11	2.32	5.02	6.59	29.91
NUOVE TWR/BT	1.48	1.65	3.86	4.42	6.60	18.01
AUTOMAZIONE OPERATIVA ACC	4.70	9.96	10.24	8.04	7.77	40.71
RADAR	0.45	0.04	3.37	3.96	7.89	15.70
TORRI REMOTE	2.54	1.91	1.57	2.89	5.46	14.38
CENTRI RADIO TBT DEGLI ACC	1.17	2.71	2.35	3.41	4.34	13.97
MANUTENZIONE EVOLUTIVA	5.63	5.63	5.63	2.56	4.96	24.41
AMPLIAMENTI E RISTR. EDIFICI	0.07	0.06	1.61	2.72	3.08	7.53
RADIOASSISTENZE Rotta/APT	1.77	1.38	1.22	1.10	3.15	8.63
RETE E-NET	1.80	1.71	1.58	1.13	2.19	8.41
INTERVENTI NON PROGR. CNS/ATM	1.73	3.31	1.57	2.18	4.68	13.47
RADAR DI SUPERFICIE	0.02	1.10	1.32	0.72	1.86	5.03
SISTEMI METEO CENTRALI	1.41	2.08	0.99	1.54	1.55	7.56
SISTEMI INFORMATIVI	3.76	3.12	3.68	2.39	4.08	17.03

Actual costs	2020A	2021A	2022A	2023A	2024A	RP3
Total costs of new and existing investments (M€2017)	37.58	42.49	44.71	46.87	52.33	223.99
AMPLIAMENTI E RISTR. ACC	0.18	0.90	1.49	1.73	0.42	4.72
NUOVO SISTEMA ATM ACC	10.86	8.02	5.56	3.10	4.14	31.69
NUOVE TWR/BT	1.48	1.27	2.54	2.12	2.00	9.41
AUTOMAZIONE OPERATIVA ACC	4.70	8.96	5.40	7.17	8.61	34.84
RADAR	0.45	0.51	3.77	8.03	7.07	19.82
TORRI REMOTE	2.54	2.25	1.52	6.17	9.37	21.85
CENTRI RADIO TBT DEGLI ACC	1.17	2.74	2.79	0.99	4.44	12.13
MANUTENZIONE EVOLUTIVA	5.63	5.63	5.63	1.96	0.35	19.20
AMPLIAMENTI E RISTR. EDIFICI	0.07	0.44	0.35	0.41	1.40	2.67
RADIOASSISTENZE Rotta/APT	1.77	1.41	1.71	1.42	1.28	7.59
RETE E-NET	1.80	0.86	1.65	2.13	1.98	8.43
INTERVENTI NON PROGR. CNS/ATM	1.73	2.74	1.36	2.31	1.66	9.78
RADAR DI SUPERFICIE	0.02	0.79	2.58	0.55	0.09	4.03
SISTEMI METEO CENTRALI	1.41	1.65	2.21	2.14	4.98	12.39
SISTEMI INFORMATIVI	3.76	4.33	6.16	6.65	4.55	25.46

Difference (A-D)	2020	2021	2022	2023	2024	RP3
Total difference (M€2017)	0.00	0.82	(2.72)	2.40	(16.06)	(15.56)
AMPLIAMENTI E RISTR. ACC	0.00	(0.99)	(4.65)	(0.65)	(3.78)	(10.07)
NUOVO SISTEMA ATM ACC	0.00	2.91	3.24	(1.92)	(2.45)	1.78
NUOVE TWR/BT	0.00	(0.38)	(1.32)	(2.30)	(4.60)	(8.60)
AUTOMAZIONE OPERATIVA ACC	0.00	(1.00)	(4.84)	(0.88)	0.83	(5.88)
RADAR	0.00	0.47	0.40	4.07	(0.82)	4.12
TORRI REMOTE	0.00	0.34	(0.05)	3.27	3.90	7.47
CENTRI RADIO TBT DEGLI ACC	0.00	0.04	0.44	(2.42)	0.10	(1.84)
MANUTENZIONE EVOLUTIVA	0.00	0.00	0.00	(0.60)	(4.61)	(5.21)
AMPLIAMENTI E RISTR. EDIFICI	0.00	0.37	(1.26)	(2.31)	(1.67)	(4.87)
RADIOASSISTENZE Rotta/APT	0.00	0.02	0.49	0.32	(1.87)	(1.03)
RETE E-NET	0.00	(0.85)	0.08	1.00	(0.21)	0.02
INTERVENTI NON PROGR. CNS/ATM	0.00	(0.57)	(0.22)	0.12	(3.02)	(3.69)
RADAR DI SUPERFICIE	(0.00)	(0.32)	1.25	(0.17)	(1.77)	(1.00)
SISTEMI METEO CENTRALI	0.00	(0.43)	1.23	0.60	3.43	4.83
SISTEMI INFORMATIVI	0.00	1.21	2.48	4.26	0.48	8.43

Expected benefit and impact per new major investment Italy | ENAV

New major investments	Expected benefit per KPA	SAF	ENV	CAP	CEF
RADAR
TORRI REMOTE
NUOVE TWR/BT
AUTOMAZIONE OPERATIVA ACC
RETE E-NET				X
NUOVO SISTEMA ATM ACC		X		X
SISTEMI INFORMATIVI					X
RADIOASSISTENZE Rotta/APT				X
AMPLIAMENTI E RISTR. ACC
CENTRI RADIO TBT DEGLI ACC
MANUTENZIONE EVOLUTIVA				X
RADAR DI SUPERFICIE		X		X
AMPLIAMENTI E RISTR. EDIFICI
INTERVENTI NON PROGR. CNS/ATM
SISTEMI METEO CENTRALI

New major investments	Expected impact	Network	Local	Non-performance
RADAR			X
TORRI REMOTE			X
NUOVE TWR/BT
AUTOMAZIONE OPERATIVA ACC
RETE E-NET
NUOVO SISTEMA ATM ACC
SISTEMI INFORMATIVI			X
RADIOASSISTENZE Rotta/APT		X
AMPLIAMENTI E RISTR. ACC
CENTRI RADIO TBT DEGLI ACC
MANUTENZIONE EVOLUTIVA
RADAR DI SUPERFICIE
AMPLIAMENTI E RISTR. EDIFICI		X		X
INTERVENTI NON PROGR. CNS/ATM		X
SISTEMI METEO CENTRALI

New major investments	SES mandated	Partnership	ATM systems
			ATM system	CP/MP
RADAR			X	X
TORRI REMOTE			X	X
NUOVE TWR/BT	X		X	X
AUTOMAZIONE OPERATIVA ACC	X		X	X
RETE E-NET	X		X	X
NUOVO SISTEMA ATM ACC	X		X	X
SISTEMI INFORMATIVI
RADIOASSISTENZE Rotta/APT			X	X
AMPLIAMENTI E RISTR. ACC	X			X
CENTRI RADIO TBT DEGLI ACC	X		X	X
MANUTENZIONE EVOLUTIVA	X		X	X
RADAR DI SUPERFICIE	X		X	X
AMPLIAMENTI E RISTR. EDIFICI				X
INTERVENTI NON PROGR. CNS/ATM			X	X
SISTEMI METEO CENTRALI	X		X	X

Public funding granted for total CAPEX (CEF/TEN-T)

Actual funding declaration vs payments

Funding declared (M€2017)	2020	2021	2022	2023	2024	RP3
Total included in the funding declaration (reporting tables)	0.00	4.48	2.31	3.32	2.54	12.64
SDM Payment	0.98	3.80	10.31	4.51	3.73	23.33
Difference between total funding declared vs received	(0.98)	0.67	(8.00)	(1.19)	(1.20)	(10.69)