The Transport Regulation Authority raises its funding exclusively through fees from managers of infrastructures and regulated services to an extent not exceeding one per thousand of the turnover of the last year (article 37 of Decree-Law No 201 of 6 December 2011), converted by law No 214 of 22 December 2011 and later amendments).
The extent of the contribution is determined yearly by the Authority’s Board and is subject to the Prime Minister’s endorsement in consultation with the Minister of Economy and Finance.
The full financial autonomy of the Transport Regulation Authority is therefore ensured by the fees paid in by regulated businesses. From that moment on, the Authority has been able to place the staff recruited from other public administrations on its permanent staff and hold its own public competitions.
Only for the phase of the establishment and start-up of activities of the Transport Regulation Authority an initial endowment was provided for by the Government accounting for a maximum of 1.5 million euro for 2013 and 2.5 million euro for 2014. These amounts were anticipated by the Competition Authority.
The relations between Transport Regulation Authority and Competition Authority are governed by a Convention, provided for by law and signed on 23 September 2013. The Convention regulates the terms of the logistical and operational, economic and financial support ensured by the Competition Authority for the performance of the preparatory activities necessary for the implementation of the organizational structure of the Transport Regulation Authority until the implementation of the system of fees to be paid in by the managers of infrastructures and regulated services.