Investments - Spain

PRB monitoring

• ENAIRE planned a total asset value for new investments in RP4 of 828.5M€2022, of which 98.6% relates to new major investments. ENAIRE planned 18 new major investments for RP4, of which 15 have started and 3 have not yet started.

• In 2025, ENAIRE overspent +1.5M€2022 (+71.4%) in costs related to new major investments. This is mainly attributable to the ICT systems project.

• According to the reporting tables, ENAIRE overspent +0.2M€2022 (+0.1%) in costs related to investments in 2025.

• ENAIRE reported 2.0M€2022 in funding from Union assistance programmes in 2025.

Value of the assets for New Investments included in the Performance Plan Spain | ENAIRE and comparison with Union-wide

Determined and additional asset value by investment category

Total value of the asset for new investments (M€2022)	828.50	% of total
New major investments (above 5M€ each)	817.26	99%
Included in the performance plan	817.26	99%
Additional	0.00	0%
Other new investments (below 5M€ each)	11.24	1%

ENAIRE asset value of new investments compared to Union-wide (%)

16.9%

Determined asset value: en route and terminal

Total value of the asset for new major investments (M€2022)1	817.26	% of total
En route	768.42	94%
Terminal	48.84	6%
1 For investments where the allocation has not been clearly provided, an allocation has been assumed based on available information.

Determined asset value by type of investment

New ATM system	415.44
Overhaul of existing ATM system	0.00
Other ATM	0.00
CNS	0.00
Infrastructure	100.40
Ancillary	205.90
Other	156.83
Unknown	137.57
1 When summing the assets for new major investments by investment type, the total may differ from the overall asset value for new major investments, as some investments have been categorised under multiple investment types.

Costs related to investments included in the Performance Plan Spain | ENAIRE

New and existing investments

Determined costs	2025D	2026D	2027D	2028D	2029D	RP4
Total costs of new and existing investments (M€2022)	169.27	179.93	189.01	195.81	194.90	928.93
New major investments from RP4	2.15	13.27	29.50	49.91	69.20	164.03
Other new investments from RP4	0.05	0.30	0.59	0.93	1.41	3.28
Major investments from RP3	119.09	127.92	128.27	121.04	104.80	601.13
Existing investments from previous RPs	47.98	38.45	30.64	23.93	19.49	160.48

Actual costs	2025A	2026A	2027A	2028A	2029A	RP4
Total costs of new and existing investments (M€2022)	169.42	NA	NA	NA	NA	169.42
New major investments from RP4	3.69	NA	NA	NA	NA	3.69
Other new investments from RP4	0.09	NA	NA	NA	NA	0.09
Major investments from RP3	115.38	NA	NA	NA	NA	115.38
Existing investments from previous RPs	50.27	NA	NA	NA	NA	50.27

Difference (A-D)	2025	2026	2027	2028	2029	RP4
Total difference (M€2022)	0.16	NA	NA	NA	NA	NA
New major investments from RP4	1.53	NA	NA	NA	NA	NA
% change of actual with respect to determined	+71%	NA	NA	NA	NA	NA
Other new investments from RP4	0.04	NA	NA	NA	NA	NA
% change of actual with respect to determined	+81%	NA	NA	NA	NA	NA
Major investments from RP3	(3.71)	NA	NA	NA	NA	NA
% change of actual with respect to determined	-3%	NA	NA	NA	NA	NA
Existing investments from previous RPs	2.29	NA	NA	NA	NA	NA
% change of actual with respect to determined	+5%	NA	NA	NA	NA	NA

Costs of investments by nature - En route

Determined costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	159.52	169.70	178.35	184.93	184.13	876.62
Depreciation	117.90	126.92	135.41	141.62	139.70	661.55
Cost of capital	41.62	42.78	42.93	43.31	44.42	215.07
Cost of leasing	0.00	0.00	0.00	0.00	0.00	0.00

Actual costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	159.89	NA	NA	NA	NA	159.89
Depreciation	115.23	NA	NA	NA	NA	115.23
Cost of capital	44.66	NA	NA	NA	NA	44.66
Cost of leasing	0.00	NA	NA	NA	NA	0.00

Difference (A-D)	2025	2026	2027	2028	2029	RP4
Total difference (M€2022)	0.37	NA	NA	NA	NA	NA
Depreciation	(2.67)	NA	NA	NA	NA	NA
Cost of capital	3.04	NA	NA	NA	NA	NA
Cost of leasing	0.00	NA	NA	NA	NA	NA

Costs of investments by nature - Terminal

Determined costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	9.75	10.24	10.67	10.88	10.77	52.31
Depreciation	7.37	7.78	8.14	8.20	7.90	39.37
Cost of capital	2.39	2.46	2.53	2.68	2.88	12.94
Cost of leasing	0.00	0.00	0.00	0.00	0.00	0.00

Actual costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	9.54	NA	NA	NA	NA	9.54
Depreciation	7.11	NA	NA	NA	NA	7.11
Cost of capital	2.43	NA	NA	NA	NA	2.43
Cost of leasing	0.00	NA	NA	NA	NA	0.00

Difference (A-D)	2025	2026	2027	2028	2029	RP4
Total difference (M€2022)	(0.22)	NA	NA	NA	NA	NA
Depreciation	(0.26)	NA	NA	NA	NA	NA
Cost of capital	0.04	NA	NA	NA	NA	NA
Cost of leasing	0.00	NA	NA	NA	NA	NA

Costs by new major investments

Determined costs	2025	2026	2027	2028	2029	RP4
Total costs of major investments in RP4 (M€2022)	2.15	13.27	29.50	49.91	69.20	164.03
ATM Support Infrastructure	0.11	0.65	1.49	2.98	5.69	10.92
Aeronautical Information System: ICARO	0.01	0.10	0.26	0.41	0.59	1.37
Air Navigation Data Network (REDAN)	0.00	0.02	0.04	0.09	0.39	0.55
Automatic Dependent Surveillance Systems (ADS)	0.04	0.20	0.51	0.79	0.92	2.47
Design, Simulation and Development of Airspace and ATM Concepts and Procedures	0.38	2.75	5.63	8.47	10.50	27.73
Energy Efficiency and Environment	0.09	0.30	0.53	0.67	0.98	2.57
Evolution of the Air Traffic Control System (SACTA/iTEC)	0.58	3.14	6.84	11.78	17.20	39.53
Ground - Air Communications Systems	0.02	0.11	0.36	0.66	0.93	2.08
Ground - Ground Communications Systems	0.00	0.02	0.09	0.25	0.37	0.73
ICT systems	0.34	2.66	5.54	9.73	12.24	30.51
Infrastructure Modernization and Maintenance	0.19	0.91	2.53	4.47	6.34	14.44
Logistics, Development and Technical Support of Systems	0.13	0.90	2.19	3.42	4.61	11.25
Navaids	0.08	0.40	0.89	1.38	1.74	4.49
Network Supervision and Services System (SYSRED / EYWA)	0.02	0.24	0.56	0.83	1.26	2.92
Support Actions in Safety and Human Factors	0.05	0.39	0.73	1.10	1.43	3.71
Surveillance Systems: Primary Radars (PSR)	0.00	0.08	0.36	0.72	1.11	2.28
Surveillance Systems: Secondary Radars (SMMS, WAM)	0.05	0.19	0.42	0.83	1.32	2.81
Voice Communications Systems (SCV/COMETA)	0.05	0.20	0.53	1.33	1.58	3.69

Actual costs	2025	2026	2027	2028	2029	RP4
Total costs of major investments in RP4 (M€2022)	3.69	NA	NA	NA	NA	3.69
ATM Support Infrastructure	0.52	NA	NA	NA	NA	0.52
Aeronautical Information System: ICARO	0.00	NA	NA	NA	NA	0.00
Air Navigation Data Network (REDAN)	0.11	NA	NA	NA	NA	0.11
Automatic Dependent Surveillance Systems (ADS)	0.03	NA	NA	NA	NA	0.03
Design, Simulation and Development of Airspace and ATM Concepts and Procedures	0.31	NA	NA	NA	NA	0.31
Energy Efficiency and Environment	0.09	NA	NA	NA	NA	0.09
Evolution of the Air Traffic Control System (SACTA/iTEC)	0.71	NA	NA	NA	NA	0.71
Ground - Air Communications Systems	0.02	NA	NA	NA	NA	0.02
Ground - Ground Communications Systems	0.01	NA	NA	NA	NA	0.01
ICT systems	1.26	NA	NA	NA	NA	1.26
Infrastructure Modernization and Maintenance	0.13	NA	NA	NA	NA	0.13
Logistics, Development and Technical Support of Systems	0.18	NA	NA	NA	NA	0.18
Navaids	0.10	NA	NA	NA	NA	0.10
Network Supervision and Services System (SYSRED / EYWA)	0.02	NA	NA	NA	NA	0.02
Support Actions in Safety and Human Factors	0.05	NA	NA	NA	NA	0.05
Surveillance Systems: Primary Radars (PSR)	0.00	NA	NA	NA	NA	0.00
Surveillance Systems: Secondary Radars (SMMS, WAM)	0.13	NA	NA	NA	NA	0.13
Voice Communications Systems (SCV/COMETA)	0.00	NA	NA	NA	NA	0.00

Difference (A-D)	2025	2026	2027	2028	2029	RP4
Total difference (M€2022)	1.53	NA	NA	NA	NA	NA
ATM Support Infrastructure	0.40	NA	NA	NA	NA	NA
Aeronautical Information System: ICARO	(0.01)	NA	NA	NA	NA	NA
Air Navigation Data Network (REDAN)	0.10	NA	NA	NA	NA	NA
Automatic Dependent Surveillance Systems (ADS)	(0.01)	NA	NA	NA	NA	NA
Design, Simulation and Development of Airspace and ATM Concepts and Procedures	(0.07)	NA	NA	NA	NA	NA
Energy Efficiency and Environment	0.00	NA	NA	NA	NA	NA
Evolution of the Air Traffic Control System (SACTA/iTEC)	0.14	NA	NA	NA	NA	NA
Ground - Air Communications Systems	0.00	NA	NA	NA	NA	NA
Ground - Ground Communications Systems	0.01	NA	NA	NA	NA	NA
ICT systems	0.92	NA	NA	NA	NA	NA
Infrastructure Modernization and Maintenance	(0.06)	NA	NA	NA	NA	NA
Logistics, Development and Technical Support of Systems	0.05	NA	NA	NA	NA	NA
Navaids	0.03	NA	NA	NA	NA	NA
Network Supervision and Services System (SYSRED / EYWA)	0.00	NA	NA	NA	NA	NA
Support Actions in Safety and Human Factors	(0.01)	NA	NA	NA	NA	NA
Surveillance Systems: Primary Radars (PSR)	0.00	NA	NA	NA	NA	NA
Surveillance Systems: Secondary Radars (SMMS, WAM)	0.08	NA	NA	NA	NA	NA
Voice Communications Systems (SCV/COMETA)	(0.05)	NA	NA	NA	NA	NA

Costs by Common Project One (CP1) ATM Functionality (AF)

Determined costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	23,417.42	27,579.62	28,051.95	29,434.74	27,278.99	135,762.72
CP1-AF1	1,066.88	1,074.23	1,072.72	1,040.40	928.38	5,182.60
CP1-AF2	153.46	146.41	139.76	132.82	122.96	695.42
CP1-AF3	14,401.26	17,734.54	15,793.74	16,417.71	15,066.45	79,413.69
CP1-AF4	827.23	659.99	405.03	351.46	94.42	2,338.13
CP1-AF5	6,660.73	7,526.08	9,875.07	10,224.63	9,865.64	44,152.16
CP1-AF6	307.85	438.37	765.62	1,267.72	1,201.14	3,980.71

Actual costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	23,065.15	NA	NA	NA	NA	23,065.15
CP1-AF1	1,114.65	NA	NA	NA	NA	1,114.65
CP1-AF2	216.94	NA	NA	NA	NA	216.94
CP1-AF3	12,547.99	NA	NA	NA	NA	12,547.99
CP1-AF4	974.69	NA	NA	NA	NA	974.69
CP1-AF5	8,037.25	NA	NA	NA	NA	8,037.25
CP1-AF6	173.63	NA	NA	NA	NA	173.63

Difference (A-D)	2025	2026	2027	2028	2029	RP4
Total difference (M€2022)	(352.27)	NA	NA	NA	NA	NA
CP1-AF1	47.77	NA	NA	NA	NA	NA
CP1-AF2	63.47	NA	NA	NA	NA	NA
CP1-AF3	(1853.26)	NA	NA	NA	NA	NA
CP1-AF4	147.45	NA	NA	NA	NA	NA
CP1-AF5	1376.52	NA	NA	NA	NA	NA
CP1-AF6	(134.22)	NA	NA	NA	NA	NA

Costs by Strategic Deployment Objective (SDO)

Determined costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	44,278.63	60,508.20	78,005.05	88,936.65	98,213.34	369,941.87
Total costs SDO – 1	1,345.16	1,719.97	2,322.46	2,595.39	2,935.22	10,918.21
Total costs SDO – 2	4,130.09	6,885.40	9,990.40	11,875.26	13,143.02	46,024.17
Total costs SDO – 3	12,155.31	15,486.99	18,760.70	20,922.02	21,356.28	88,681.30
Total costs SDO – 4	1,007.90	1,698.50	2,814.53	3,464.13	4,015.11	13,000.17
Total costs SDO – 5	5,419.05	8,556.97	12,451.49	15,850.10	19,517.35	61,794.97
Total costs SDO – 6	7,275.11	9,979.84	12,052.18	12,541.11	13,053.28	54,901.52
Total costs SDO – 7	699.26	1,113.33	1,717.16	2,194.46	2,784.84	8,509.05
Total costs SDO – 8	4,392.03	4,613.31	4,831.29	4,503.92	4,784.69	23,125.24
Total costs SDO – 9	7,715.84	10,210.80	12,722.34	14,562.33	16,186.59	61,397.90
Total costs SDO – 10	138.88	243.10	342.47	427.92	436.96	1,589.33

Actual costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	43,304.09	NA	NA	NA	NA	43,304.09
Total costs SDO – 1	1,408.54	NA	NA	NA	NA	1,408.54
Total costs SDO – 2	3,829.25	NA	NA	NA	NA	3,829.25
Total costs SDO – 3	15,112.09	NA	NA	NA	NA	15,112.09
Total costs SDO – 4	815.53	NA	NA	NA	NA	815.53
Total costs SDO – 5	5,752.33	NA	NA	NA	NA	5,752.33
Total costs SDO – 6	5,840.33	NA	NA	NA	NA	5,840.33
Total costs SDO – 7	414.62	NA	NA	NA	NA	414.62
Total costs SDO – 8	3,851.12	NA	NA	NA	NA	3,851.12
Total costs SDO – 9	6,172.02	NA	NA	NA	NA	6,172.02
Total costs SDO – 10	108.26	NA	NA	NA	NA	108.26

Difference (A-D)	2025	2026	2027	2028	2029	RP4
Total difference (M€2022)	(974.54)	NA	NA	NA	NA	NA
Total costs SDO – 1	63.37	NA	NA	NA	NA	NA
Total costs SDO – 2	(300.83)	NA	NA	NA	NA	NA
Total costs SDO – 3	2956.78	NA	NA	NA	NA	NA
Total costs SDO – 4	(192.37)	NA	NA	NA	NA	NA
Total costs SDO – 5	333.27	NA	NA	NA	NA	NA
Total costs SDO – 6	(1434.78)	NA	NA	NA	NA	NA
Total costs SDO – 7	(284.64)	NA	NA	NA	NA	NA
Total costs SDO – 8	(540.91)	NA	NA	NA	NA	NA
Total costs SDO – 9	(1543.82)	NA	NA	NA	NA	NA
Total costs SDO – 10	(30.62)	NA	NA	NA	NA	NA

Expected benefit and impact per new major investment Spain | ENAIRE

New major investments	SES mandated	Partnership
ATM Support Infrastructure	X
Aeronautical Information System: ICARO	X
Air Navigation Data Network (REDAN)	X
Automatic Dependent Surveillance Systems (ADS)
Design, Simulation and Development of Airspace and ATM Concepts and Procedures	X	X
Energy Efficiency and Environment
Evolution of the Air Traffic Control System (SACTA/iTEC)	X	X
Ground - Air Communications Systems	X
Ground - Ground Communications Systems
ICT systems
Infrastructure Modernization and Maintenance
Logistics, Development and Technical Support of Systems
Navaids
Network Supervision and Services System (SYSRED / EYWA)
Support Actions in Safety and Human Factors
Surveillance Systems: Primary Radars (PSR)
Surveillance Systems: Secondary Radars (SMMS, WAM)
Voice Communications Systems (SCV/COMETA)

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