ANNOUNCEMENT 04 Dec 2014

On 04 December 2014, the EIB provided financing worth EUR 250 million (USD 308 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 04 Dec 2014 | Removal date: open ended

State loan

On 04 December 2014, the European Investment Bank (EIB) and Enav Spa signed an agreement worth EUR 250 million (approx. USD 308 million) for the project Enav 4-Flight & Air Traffic Management Projects from Italy. The total cost of the project is estimated at EUR 500 million.

According to the project description issued by the EIB, The Project comprises the development and implementation of a number of investments across the core range of Air Traffic Services provided by ENAV, the Italian Air Navigation Service Provider.It includes the components necessary for the transformation of the Air Traffic Management system to address existing inefficiencies and to replace the current system, which has reached the end of its economic life. The new ATM system, 4-Flight, will improve the reliability and interoperability of the Air Tr.

The objective of the project is defined as following: The project will modernise the ATC infrastructure in Italy in accordance with the Single European Sky (SES) regulations in terms of interoperability. The project will therefore make an exceptional contribution to the implementation of the SES, a central element of European air transport policy and part of the core network, and it will pave the way for further developments in interoperable ATC technology across Europe.SES infrastructure is included in the priority TEN-T network..

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS