Investments - Bulgaria

PRB monitoring

▪ BULATSA planned a total RP3 asset value for new investments of 108M€₂₀₁₇, of which 36% for new major investments. BULATSA planned three new major investments for RP3, all of which have started.

▪ BULATSA planned RP3 new investments represent 2% of the Union-wide total amounts of the assets for new investments. Compared to the Union-wide median, BULATSA planned to invest more in infrastructure (63% vs 27% respectively), and in CNS systems 37% vs 18%).

▪ BULATSA underspent -2.8M€₂₀₁₇ (-2.8%) in costs related to investments during RP3 , according to the reporting tables. These amounts shall be reimbursed to the airspace users through a reduction of future unit rate(s), unless the NSA decides after consultation with the users, that the ANSP shall not reimburse a part of the difference according to article 28 of Regulation (EU) 2019/317.

▪ BULATSA reported 1.7M€₂₀₁₇ funding from Union assistance programmes in RP3, while SESAR Deployment Manager data indicates payments for 1.3M€₂₀₁₇ during the reference period.

Value of the assets for New Investments included in the Performance Plan Bulgaria | BULATSA

Determined and additional asset value by investment category

Total value of the asset for new investments (M€2017)	108.11	% of total
New major investments (above 5M€ each)	38.83	36%
Included in the performance plan	38.83	36%
Additional	0.00	0%
Other new investments (below 5M€ each)	69.28	64%

Determined asset value: en route and terminal

Total value of the asset for new major investments (M€2017)	38.83	% of total
En route	38.22	98%
Terminal	0.61	2%

Determined asset value by type of investment

Total value of the asset for new major investments (M€2017)	38.83	% of total
ATM systems	0.00	0%
CNS systems	14.43	37%
Infrastructure	24.41	63%
Other	0.00	0%
Unknown	0.00	0%

Asset value for new investments: ANSP compared to Union-wide

Costs related to investments included in the Performance Plan Bulgaria | BULATSA

New and existing investments

Determined costs	2020D	2021D	2022D	2023D	2024D	RP3
Total costs of new and existing investments (M€2017)	17.59	18.46	18.42	20.36	23.06	97.88
New major investments	0.15	0.42	0.64	1.41	3.11	5.73
Other new investments	0.92	1.66	3.50	6.30	8.75	21.13
Existing investments	16.52	16.38	14.28	12.65	11.20	71.02

Actual costs	2020A	2021A	2022A	2023A	2024A	RP3
Total costs of new and existing investments (M€2017)	17.59	18.63	18.89	18.92	21.06	95.09
New major investments	0.15	0.54	1.06	1.18	2.00	4.92
Other new investments	0.92	2.22	3.47	4.75	7.40	18.76
Existing investments	16.52	15.88	14.36	12.99	11.67	71.42

Difference (A-D)	2020	2021	2022	2023	2024	RP3
Total difference (M€2017)	0.00	0.17	0.47	(1.43)	(2.00)	(2.79)
New major investments	0.00	0.12	0.42	(0.23)	(1.12)	(0.82)
% change of actual with respect to determined	0%	+28%	+65%	-17%	-36%	+41%
Other new investments	0.00	0.55	(0.02)	(1.55)	(1.35)	(2.37)
% change of actual with respect to determined	0%	+33%	-1%	-25%	-15%	-8%
Existing investments	0.00	(0.50)	0.08	0.35	0.47	0.40
% change of actual with respect to determined	0%	-3%	+1%	+3%	+4%	+4%

Costs of investments by nature - En route

Determined costs	2020D	2021D	2022D	2023D	2024D	RP3
Total costs of new and existing investments (M€2017)	17.59	18.46	18.42	20.36	23.06	97.88
Depreciation	10.57	10.96	10.70	11.87	13.77	57.88
Cost of capital	7.02	7.50	7.72	8.48	9.28	40.01
Cost of leasing	0.00	0.00	0.00	0.00	0.00	0.00

Actual costs	2020A	2021A	2022A	2023A	2024A	RP3
Total costs of new and existing investments (M€2017)	17.59	18.63	18.89	18.92	21.06	95.09
Depreciation	10.57	11.49	11.95	11.73	13.10	58.84
Cost of capital	7.02	7.14	6.94	7.19	7.96	36.26
Cost of leasing	0.00	0.00	0.00	0.00	0.00	0.00

Difference (A-D)	2020	2021	2022	2023	2024	RP3
Total difference (M€2017)	0.00	0.17	0.47	(1.43)	(2.00)	(2.79)
Depreciation	0.00	0.52	1.25	(0.14)	(0.67)	0.96
Cost of capital	0.00	(0.35)	(0.78)	(1.29)	(1.33)	(3.75)
Cost of leasing	0.00	0.00	0.00	0.00	0.00	0.00

Costs by new major investments

Determined costs	2020D	2021D	2022D	2023D	2024D	RP3
Total costs of new and existing investments (M€2017)	0.15	0.42	0.64	1.41	3.11	5.73
New PSRs and SSRs East part of Sofia FIR	0.15	0.42	0.64	1.16	2.15	4.51
Building of Contingency and Data Center and Equipment	0.00	0.00	0.00	0.15	0.75	0.90
Reconstruction and modernization of the Ops Room Sofia ATC	0.00	0.00	0.00	0.10	0.22	0.32

Actual costs	2020A	2021A	2022A	2023A	2024A	RP3
Total costs of new and existing investments (M€2017)	0.15	0.54	1.06	1.18	2.00	4.92
New PSRs and SSRs East part of Sofia FIR	0.15	0.53	1.04	0.93	1.34	3.99
Building of Contingency and Data Center and Equipment	0.00	0.00	0.01	0.20	0.50	0.71
Reconstruction and modernization of the Ops Room Sofia ATC	0.00	0.01	0.01	0.05	0.15	0.21

Difference (A-D)	2020	2021	2022	2023	2024	RP3
Total difference (M€2017)	0.00	0.12	0.42	(0.23)	(1.12)	(0.82)
New PSRs and SSRs East part of Sofia FIR	0.00	0.11	0.41	(0.23)	(0.81)	(0.52)
Building of Contingency and Data Center and Equipment	0.00	0.00	0.01	0.05	(0.25)	(0.18)
Reconstruction and modernization of the Ops Room Sofia ATC	0.00	0.00	0.00	(0.05)	(0.07)	(0.11)

Expected benefit and impact per new major investment Bulgaria | BULATSA

New major investments	Expected benefit per KPA	SAF	ENV	CAP	CEF
New PSRs and SSRs East part of Sofia FIR		X	X	X	X
Building of Contingency and Data Center and Equipment					X
Reconstruction and modernization of the Ops Room Sofia ATC					X

New major investments	Expected impact	Network	Local	Non-performance
New PSRs and SSRs East part of Sofia FIR		X	X
Building of Contingency and Data Center and Equipment
Reconstruction and modernization of the Ops Room Sofia ATC

New major investments	SES mandated	Partnership	ATM systems
			ATM system	CP/MP
New PSRs and SSRs East part of Sofia FIR	X
Building of Contingency and Data Center and Equipment
Reconstruction and modernization of the Ops Room Sofia ATC

Public funding granted for total CAPEX (CEF/TEN-T)

Actual funding declaration vs payments

Funding declared (M€2017)	2020	2021	2022	2023	2024	RP3
Total included in the funding declaration (reporting tables)	0.16	1.21	0.00	0.28	0.02	1.67
SDM Payment	0.16	1.07	0.00	0.05	0.00	1.28
Difference between total funding declared vs received	(0.00)	0.14	(0.00)	0.22	0.02	0.39