Supervision DORA

Supervision

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In accordance with Law 18/2014, AESA must ensure compliance with the obligations of quality of service, infrastructure capacity and investment by the airport manager in relation to:

• The quality levels of the Aena airport network service, implemented through a series of indicators, by which, where appropriate, bonuses or penalties for the quality of the service provided will be applied.
• The capacity standards of the airport infrastructures of the Aena airport network.
• Investments planned in the five-year period included in the Regulated Assets Base (BAR) of each year, which respond to quality of service standards, infrastructure capacity standards, minimum infrastructure service conditions and other investment requirements. This action includes the monitoring of the annual deviations of the BAR compared to that foreseen in the DORA.
• Compliance with the full investment programme, identifying deviations due to delay over pre-established deadlines for completion of those of a strategic and relevant nature.

In this sense, the monitoring process will consist of the verification of data through documentary analysis and on-site inspection actions:



The monitoring of compliance with the terms of the DORA is based on three fundamental principles:

• Independence
• Objectivity
• Reliability

Inspection

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The inspection will be carried out in accordance with Royal Decree 98/2009 of 6 February 2009 approving the Aeronautical Inspection Regulation.

AESA shall verify that the airport operator has effective mechanisms in place to ensure consistency and traceability of the information required in the monitoring process, and that these mechanisms are correctly applied.

Airport technical monitoring reports

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In the first four months of each financial year, AESA shall draw up an annual airport technical monitoring report setting out the outcome of the DORA compliance verification for:

• Compliance with service quality standards and the value of incentives or penalties.
• Compliance with the investment programme and the value of penalties for delayed implementation of strategic investments.
• The degree of compliance with the annual investment programmed for the previous year, identifying, if any, the deviations between the recognised and the executed value.
• Compliance with pre-established deadlines for strategic investments ending in the previous year
• Compliance in the execution of the relevant investments scheduled for that year.
• Increases in operating costs that could result from regulatory changes that are of an unforeseeable and non-derogable nature.

 

In addition, in the first 3 months of the fifth year of the regulatory period or the sixth in the event of an extension of the DORA (hereinafter the last year of the regulatory period), EASA shall adopt a report concerning:

• Proposed adjustment of the value of the BAR (Regulated Assets Base) at 1 January of the last year of the regulatory period, for deviations occurring during the execution of the DORA.
• A descriptive summary of the differences between the value of fixed non-financial assets in Anea’s accounts and their value in the BAR provided for in the DORA, both on 1 January of the last year of the regulatory period.
• A proposal on the cumulative value on 1 January of the last year of the regulatory period of the compensations to be made through the parameter Irra (reduced investment compensation made in the previous five-year period, appropriately capitalised), for net gains in the expected remuneration for capital costs.
• The degree of compliance with quality standards, capacity standards and minimum operating conditions of airport infrastructure during the regulatory period.