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26 ENAV – 2014 Financial Statements

                                                   have to a large extent anticipated the vision of the new Air Traffic
                                                   Management (ATM) network, which is rapidly becoming the preferred
                                                   network worldwide.

                                                   The 2014-2016 plan calls for cost containment with priority given to
                                                   essential projects of the Air Navigation Services Department related to
                                                   compliance with new regulations, completion of technology innovation
                                                   programs in agreement with European roadmaps, development of the
                                                   domestic ATM system (currently operative) toward the new single
                                                   European platform in line with SESAR objectives by means of gradual and
                                                   harmonized growth, continuity in the supply of services, and strengthening
                                                   of systems to define flight procedures and air spaces by means of new
                                                   technological solutions, all of the above with the aim of increasing capacity
                                                   and safeguarding the environment.

                                                   Programs for about ¤126 million were begun in the period 1 January - 31
                                                   December 2014, the most important of which were:

                                                   l	 restructuring of the Rome Fiumicino control tower;
                                                   l	 upgrading of radio centers to the new 8.33 KHz spacing frequency;
                                                   l	 development of a new Operative Automation platform for 6 control

                                                       towers;
                                                   l	 restructuring and equipping of the Rome Ciampino and Verona

                                                       Villafranca towers, transferred to ENAV in 2014;
                                                   l	 modernization and implementation of radio assistance systems;
                                                   l	 upgrading of LANs for the ACCs of Milan, Padua and Brindisi;
                                                   l	 creation of a test system for the ENET network;
                                                   l	 supply of new safety modules for the ENET network;
                                                   l	 supply of new Voice Switching Systems for the ACCs of Milan and

                                                       Padua;
                                                   l	 implementation of Aeronautical Data Quality for processing of

                                                       aeronautical data;
                                                   l	 work to complete the Piastra and Stecca buildings at the ACC of

                                                       Rome Ciampino, which allowed transfer of personnel from various
                                                       offices in August 2014 and equipping of technical rooms.

                                                   The SESAR program’s new objectives to resolve the current fragmentation
                                                   of air traffic control services require the implementation of complex
                                                   international programs as well as the planning of large investments. Several
                                                   projects have been initiated for such purpose, the most important of which
                                                   are described below.
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