ITALIAN PUBLIC TRANSPORT FUNDING. General manager ASSTRA Emanuele Proia
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1 ITALIAN PUBLIC TRANSPORT FUNDING General manager ASSTRA Emanuele Proia Paris, 16 June
2 PT AT A GLANCE (2014) about 1,013 companies about 50,000 vehicles 5.3 billion passengers (Boardings) 110,000 employees Source: ASSTRA, Conto Nazionale Trasporti
3 Motorisation Number of passenger cars per 1000 inhabitants In Italy, the private car has an important impact on the mobility. Italy is the third country with the highest motorisation levels globally, following Luxembourg and the United States. Country Change 1990/2013 Change 2012/2013 France % 0% Germany % 1% Italy % -2% Spain % 0% United Kingdom % 1% EU % 1% Source: EU transport in figure statistical pocket book 2015 pag 47 3
4 Modal split of Passenger Transport (pkm as %; 2013) Despite the high motorisation level Italy has, together with Spain, the higher total public transport share, accounting for around 21,3%. 83,9% 84,4% Auto Passenger Metro and privata Bus Metro e tram Ferrovie car Tram Railway 84,6% 79,6% 79,7% 81,7% Total Public Transport 16,1 Total Public Transport 15,6 Total Public Transport 21,3 Total Public Transport 21,4 Total Public Transport 15,4 Total Public Transport 19,3 13,2% 13,0% 9,1% 8,4% 9,2% 5,4% 5,7% 6,3% 6,0% 8,2% 5,6% 7,4% 1,6% 1,6% 0,9% 1,4% 1,6% 1,7% France Francia Germania Germany Italia Italy Spagna Spain Regno United Unito EU-28 Kingdom Source: EU transport in figure statistical pocket book 2015 pag 47 4
5 Average age of buses Countries 2014 France 7,9 Germany 6,9 Italy 12,2 Spain 8 United Kingdom 7,7 Evolution of average age of buses ( ; years) In Italy, the average age of buses is approximately 12 years. A comparison with some large European countries shows that there is a big gap. Source France: UTP Le Parc des Vehicules Edition 2014 pag. 5 Germany: elaboration on ANFIA data. In Germany over 60% of the fleet are 9 years old Italy: ASSTRA elaboration on CED data (Ministery of Transport) Spain: elaboration on OBSERVATORIO MOVILIDAD METROPOLITANA data Informe 2013 pag 38 United Kingdom: elaboration on UK Government data- Department of transport Transport statistics Great Britain Annual bus statistics pag 2 5
6 Buses Fleet Buses by level emission (2014; %) ELETRIC 1% EURO V 24% EURO VI 1% EURO IV 6% Buses pre Euro III 33% EURO II 25% EURO 0 5% EURO I 3% EURO III 27% Source : ASSTRA elaboration on CED data 6
7 Funding stream The Italian case Operating funding Capital funding Public compensation Tax concessions Directly generated resources Public compensation Directly generated resources Fuel taxes Regional taxes Local taxes Fares Parking Advertising Vehicle rental Fiscal system State National Fund State Regions Regions Municipalities Agencies Public service contract PT Operators 7
8 Funding for Operating costs Before 2013 From 2013 Financing sources Budgetary Plan2013 Public Transport Fund Legislative framework Art.21, c. 3, L. n. 98/2011 e art. 30, c.3, D.L. 201/2011 In 2013 a new source funding was established for operating expenses: National Fund Transportation Budgetary Plan 2008 Law n.549/1995 Art.1, c. 296, L. n. 244/2007 excise on diesel Art.1, c. 298, L. n. 244/2007 excise on diesel Art.3, c. 12, L. n. 549/1995 excise on gasoline Excise on gasoline Excise on diesel Others National Fund Transportation 8
9 Funding for Operating costs National Transportation Fund (resources in milion) 4.929, , , ,
10 Funding for Operating costs: Criteria for Regional Allocation of National Transportation Fund 30% Gradual reduction of services in excess and increase in quality and quantity of high-demand services 90% Resources according historical percentages 10% 60% Gradual increase of ratio fare revenue operating costs Definition of appropriate employment level 10% Resources subjected to the achievement of the objectives From the year 2015 the percentage distributed on the basis of the achievement of the objectives is increased, every two years, by two percentage points, resulting in a reduction of the quota originally foreseen the extent of 90% of the fund (Art. 2 DPCM 11 marzo 2013). 10
11 Funding for Operating costs 6,791 Million 6,773 Million 1,862 (27.4%) 1,848 (27.2%) 4,929 (72.6%) 4,925 (72.5%) Additional resources FNT
12 Directly generated resources Fares The reduction of public transfers was followed from a general trend of the regions and local authorities to revise and increase in ticket prices 180 Urban Fare Trends ( February 2014 ; Index 2002=100) 170 Biglietto Single ticket a tempo Abbonamento Annual pass mensile Tariffa Average media [Source: ASSTRA elaboration] 12
13 SINGLE TICKET (Fares - October 2015, ) In any case the Italian fares are the lowest in Europe GERMANY AVERAGE 2,8 3,1 UNITED KINGDOM 3,2 3,2 2,7 2,8 2,7 FRANCE AVERAGE 1,8 1,8 1,8 1,5 SPAIN AVERAGE 1,7 2,15 1,5 ITALY AVERAGE 1,5 1,5 1,5 1,5 1,5 Berlino Amburgo Hamburg Colonia Cologne Monaco Munich Parigi Paris Lione Madrid Barcellona Barcelona Valencia Londra London Roma Rome Milano Naples Napoli Turin Torino Source: ASSTRA data processing on PT operator websites 13
14 MONTHLY PASS (Fares - October 2015, ) UNITED KINGDOM 173,0 173,0 GERMANY AVERAGE 76,9 90, ,5 51,6 FRANCE AVERAGE 68, ,4 SPAIN AVERAGE 52,7 54,60 52,75 45, ITALY AVERAGE 36, Berlino Hamburg Amburgo Colonia Cologne Monaco Munich Paris Parigi Lione Madrid Barcellona Barcelona Valencia Londra London Roma Rome Milano Naples Napoli Turin Torino Source: ASSTRA data processing on PT operator websites 14
15 ANNUAL PASS (Fares October 2015, ) UNITED KINGDOM GERMANY AVERAGE 668,8 FRANCE AVERAGE 721,6 SPAIN ITALY AVERAGE 283, Berlino Monaco Munich Parigi Paris Lione Madrid Londra London Rome Roma Milano Naples Napoli Torino Turin Source: ASSTRA data processing on PT operator websites 15
16 Capital investment for renew public transport fleet ( ; Milion, ) In the last years, in Italy, the LPT sector has witnessed an overall decline in resources for investment for renew fleet, moreover, between , the resources was cut of about 700 milion and used by the regions to the achievement of fiscal targets Source : ASSTRA elaboration 16
17 Average age A plan for renew buses fleet ,2 12,5 11,5 11,7 12,4 13,1 13,6 12,7 13,2 13,8 Trend scenario (8-year plan) Investments allocated with actual resources ,5 9,9 European average age 9,3 8,6 8,0 7,6 7,1 Goal scenario (8-year plan) Total investment:920 million euro per year; 4,200 buses per year to buy Total public resources: 552 million per year 7 Goal scenario Trend scenario Source: ASSTRA elaboration on CED (MIT) data Trend scenario. Number stable fleet over the years; resources already allocated with actual resources and they expense for 50% for the renewal of the bus fleet. Goal scenario. For each year occur 4,200 registrations and contextual scrapping; the financial sources needed for the plan are approximately 9.2 billion euro (60% public co-financing). 17
18 Capital investment for Public Transport infrastructures In the last Economic and Finance Document (2016) resources are been allocated for various metropolitan and tranway infrastructures TOTAL COST: MILLION TOTAL RESOURCES: MILLION % COVERAGE : 85% PERIOD WORKS: Interconnection Rebaudengo Turin railway link Turin underground Milan Monza Underground M5 Milan Line M4 Lorenteggio Linate Rome Underground Line C Naples Line 6 Naples - Line 1 Circumetna (Catania) Palermo Tramway of Florence Light rail/underground Bologna 18
19 News in the Public transport sector Standard Cost The Italian Ministry of Transport will use a formula for determining standard costs and allocate resources (operating and capital) according to them. System ante standard cost System post standard cost Operating resources Capital resources Standard cost = operating cost + capital cost + suitable cost Compensation by service contract Compensation for capital investment Operating resources Capital resources 19
20 News in the Public transport sector Standard Cost Model Regression Model Model for industrial processes Bus services Underground services Railway services Tramway services The standard costs don t apply to the following public transport services: trolleybuses, cable car, funicular, waterborne transport; for regional rail service infrastructure costs are excluded. 20
21 News in the Public transport sector Art.23 Decreto Madia - National Transportation Fund According with the new law (art.23 Decreto Madia) the rules for the allocation of National Fund resources will change. 80% 70% 60% 55% 50% 20% 20% 20% 15% 10% 10% 15% 20% 25% 30% FIRST YEAR SECOND YEAR THIRD YEAR FOURTH YEAR FIFTH YEAR AND OVER Resources according historical percentages Resources according Standard costs Resources according increase fare revenues 21
22 News in the Public transport sector Funding System Funding Architecture in 2016 STATE REGIONS It prepares program to allocate resources to the regions; It Approves regional investment plans; It provides funding to the regions; It defines the criteria for allocating among the regions. They define regional renewal plans and level of co-financing; They give resources to the companies / provinces / municipalities. Funding architecture from 2017 STATE REGIONS OPERATORS MUNICIPALITIES They buy transport fleet after public competition OPERATORS MUNICIPALITIES OPERATORS BUS MANUFACTURER CENTRAL MARKET Art. 1 c.866 Legge di stabilità 2016 BUS MANUFACTURER 22
23 THANK YOU FOR YOUR ATTENTION 23
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