Investments - Sweden

PRB monitoring

• LFV planned a total asset value for new investments in RP4 of 143.5M€2022, of which 59.4% relates to new major investments. LFV planned 3 new major investments for RP4, of which 2 have started and 1 has not yet started.

• In 2025, LFV underspent -0.1M€2022 (-23.2%) in costs related to new major investments. This is mainly attributable to some delays.

• According to the reporting tables, LFV overspent +0.3M€2022 (+2.1%) in costs related to investments in 2025.

• LFV reported 3.1M€2022 in funding from Union assistance programmes in 2025.

Value of the assets for New Investments included in the Performance Plan Sweden | LFV and comparison with Union-wide

Determined and additional asset value by investment category

Total value of the asset for new investments (M€2022)	143.51	% of total
New major investments (above 5M€ each)	85.27	59%
Included in the performance plan	85.27	59%
Additional	0.00	0%
Other new investments (below 5M€ each)	58.24	41%

LFV asset value of new investments compared to Union-wide (%)

2.9%

Determined asset value: en route and terminal

Total value of the asset for new major investments (M€2022)1	85.27	% of total
En route	85.27	100%
Terminal	0.00	0%
1 For investments where the allocation has not been clearly provided, an allocation has been assumed based on available information.

Determined asset value by type of investment

New ATM system	5.61
Overhaul of existing ATM system	0.00
Other ATM	0.00
CNS	0.00
Infrastructure	71.13
Ancillary	0.00
Other	0.00
Unknown	8.54
1 When summing the assets for new major investments by investment type, the total may differ from the overall asset value for new major investments, as some investments have been categorised under multiple investment types.

Costs related to investments included in the Performance Plan Sweden | LFV

New and existing investments

Determined costs	2025D	2026D	2027D	2028D	2029D	RP4
Total costs of new and existing investments (M€2022)	16.45	19.21	21.30	24.19	24.50	105.65
New major investments from RP4	0.38	2.17	4.56	7.06	8.47	22.65
Other new investments from RP4	3.30	6.27	7.45	8.59	9.11	34.72
Major investments from RP3	3.20	2.21	1.27	1.18	0.91	8.78
Existing investments from previous RPs	9.56	8.56	8.02	7.36	6.01	39.51

Actual costs	2025A	2026A	2027A	2028A	2029A	RP4
Total costs of new and existing investments (M€2022)	16.78	NA	NA	NA	NA	16.78
New major investments from RP4	0.29	NA	NA	NA	NA	0.29
Other new investments from RP4	1.70	NA	NA	NA	NA	1.70
Major investments from RP3	3.05	NA	NA	NA	NA	3.05
Existing investments from previous RPs	11.74	NA	NA	NA	NA	11.74

Difference (A-D)	2025	2026	2027	2028	2029	RP4
Total difference (M€2022)	0.34	NA	NA	NA	NA	NA
New major investments from RP4	(0.09)	NA	NA	NA	NA	NA
% change of actual with respect to determined	-23%	NA	NA	NA	NA	NA
Other new investments from RP4	(1.60)	NA	NA	NA	NA	NA
% change of actual with respect to determined	-49%	NA	NA	NA	NA	NA
Major investments from RP3	(0.15)	NA	NA	NA	NA	NA
% change of actual with respect to determined	-5%	NA	NA	NA	NA	NA
Existing investments from previous RPs	2.17	NA	NA	NA	NA	NA
% change of actual with respect to determined	+23%	NA	NA	NA	NA	NA

Costs of investments by nature - En route

Determined costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	16.52	19.28	21.37	24.26	24.56	106.00
Depreciation	14.48	16.48	17.95	20.39	20.65	89.95
Cost of capital	2.04	2.80	3.42	3.87	3.91	16.05
Cost of leasing	0.00	0.00	0.00	0.00	0.00	0.00

Actual costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	16.87	NA	NA	NA	NA	16.87
Depreciation	13.60	NA	NA	NA	NA	13.60
Cost of capital	3.26	NA	NA	NA	NA	3.26
Cost of leasing	0.00	NA	NA	NA	NA	0.00

Difference (A-D)	2025	2026	2027	2028	2029	RP4
Total difference (M€2022)	0.34	NA	NA	NA	NA	NA
Depreciation	(0.88)	NA	NA	NA	NA	NA
Cost of capital	1.22	NA	NA	NA	NA	NA
Cost of leasing	0.00	NA	NA	NA	NA	NA

Costs of investments by nature - Terminal

LFV does not provide terminal services.

Costs by new major investments

Determined costs	2025	2026	2027	2028	2029	RP4
Total costs of major investments in RP4 (M€2022)	0.38	2.17	4.56	7.06	8.47	22.65
COOPANS ATC ONE (modernisering Topsky)	0.23	1.50	3.23	5.25	6.73	16.95
EU 2021/116 - CP1 AF1-AF6	0.12	0.58	0.72	1.21	1.15	3.77
Fallback ATCC och ATS-units (replacement RUFF)	0.03	0.10	0.61	0.60	0.59	1.93

Actual costs	2025	2026	2027	2028	2029	RP4
Total costs of major investments in RP4 (M€2022)	0.29	NA	NA	NA	NA	0.29
COOPANS ATC ONE (modernisering Topsky)	0.27	NA	NA	NA	NA	0.27
EU 2021/116 - CP1 AF1-AF6	0.02	NA	NA	NA	NA	0.02
Fallback ATCC och ATS-units (replacement RUFF)	0.00	NA	NA	NA	NA	0.00

Difference (A-D)	2025	2026	2027	2028	2029	RP4
Total difference (M€2022)	(0.09)	NA	NA	NA	NA	NA
COOPANS ATC ONE (modernisering Topsky)	0.04	NA	NA	NA	NA	NA
EU 2021/116 - CP1 AF1-AF6	(0.10)	NA	NA	NA	NA	NA
Fallback ATCC och ATS-units (replacement RUFF)	(0.03)	NA	NA	NA	NA	NA

Costs by Common Project One (CP1) ATM Functionality (AF)

Determined costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	530.98	854.59	1,119.00	2,603.92	1,758.77	6,867.26
CP1-AF1	172.15	141.65	94.43	94.43	94.43	597.08
CP1-AF2	0.00	0.00	0.00	0.00	0.00	0.00
CP1-AF3	0.00	0.00	0.00	0.00	0.00	0.00
CP1-AF4	7.55	10.39	10.39	30.22	30.22	88.76
CP1-AF5	253.07	517.48	742.22	1,732.33	1,225.23	4,470.33
CP1-AF6	98.21	185.08	271.96	746.94	408.88	1,711.08

Actual costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	358.69	NA	NA	NA	NA	358.69
CP1-AF1	0.00	NA	NA	NA	NA	0.00
CP1-AF2	0.00	NA	NA	NA	NA	0.00
CP1-AF3	0.00	NA	NA	NA	NA	0.00
CP1-AF4	0.00	NA	NA	NA	NA	0.00
CP1-AF5	332.90	NA	NA	NA	NA	332.90
CP1-AF6	25.80	NA	NA	NA	NA	25.80

Difference (A-D)	2025	2026	2027	2028	2029	RP4
Total difference (M€2022)	(172.29)	NA	NA	NA	NA	NA
CP1-AF1	(172.15)	NA	NA	NA	NA	NA
CP1-AF2	0.00	NA	NA	NA	NA	NA
CP1-AF3	0.00	NA	NA	NA	NA	NA
CP1-AF4	(7.55)	NA	NA	NA	NA	NA
CP1-AF5	79.82	NA	NA	NA	NA	NA
CP1-AF6	(72.41)	NA	NA	NA	NA	NA

Costs by Strategic Deployment Objective (SDO)

Determined costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	941.29	941.29	941.29	1,924.94	983.65	5,732.47
Total costs SDO – 1	0.00	0.00	0.00	0.00	0.00	0.00
Total costs SDO – 2	0.00	0.00	0.00	122.37	122.37	244.74
Total costs SDO – 3	0.00	0.00	0.00	122.37	122.37	244.74
Total costs SDO – 4	0.00	0.00	0.00	188.26	188.26	376.52
Total costs SDO – 5	235.32	235.32	235.32	352.98	117.66	1,176.61
Total costs SDO – 6	235.32	235.32	235.32	357.69	122.37	1,186.03
Total costs SDO – 7	0.00	0.00	0.00	65.89	65.89	131.78
Total costs SDO – 8	470.65	470.65	470.65	593.01	122.37	2,127.32
Total costs SDO – 9	0.00	0.00	0.00	0.00	0.00	0.00
Total costs SDO – 10	0.00	0.00	0.00	122.37	122.37	244.74

Actual costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	36.85	NA	NA	NA	NA	36.85
Total costs SDO – 1	0.00	NA	NA	NA	NA	0.00
Total costs SDO – 2	0.00	NA	NA	NA	NA	0.00
Total costs SDO – 3	0.00	NA	NA	NA	NA	0.00
Total costs SDO – 4	0.00	NA	NA	NA	NA	0.00
Total costs SDO – 5	9.21	NA	NA	NA	NA	9.21
Total costs SDO – 6	9.21	NA	NA	NA	NA	9.21
Total costs SDO – 7	0.00	NA	NA	NA	NA	0.00
Total costs SDO – 8	18.43	NA	NA	NA	NA	18.43
Total costs SDO – 9	0.00	NA	NA	NA	NA	0.00
Total costs SDO – 10	0.00	NA	NA	NA	NA	0.00

Difference (A-D)	2025	2026	2027	2028	2029	RP4
Total difference (M€2022)	(904.44)	NA	NA	NA	NA	NA
Total costs SDO – 1	0.00	NA	NA	NA	NA	NA
Total costs SDO – 2	0.00	NA	NA	NA	NA	NA
Total costs SDO – 3	0.00	NA	NA	NA	NA	NA
Total costs SDO – 4	0.00	NA	NA	NA	NA	NA
Total costs SDO – 5	(226.11)	NA	NA	NA	NA	NA
Total costs SDO – 6	(226.11)	NA	NA	NA	NA	NA
Total costs SDO – 7	0.00	NA	NA	NA	NA	NA
Total costs SDO – 8	(452.22)	NA	NA	NA	NA	NA
Total costs SDO – 9	0.00	NA	NA	NA	NA	NA
Total costs SDO – 10	0.00	NA	NA	NA	NA	NA

Expected benefit and impact per new major investment Sweden | LFV

New major investments	SES mandated	Partnership
COOPANS ATC ONE (modernisering Topsky)	X	X
EU 2021/116 - CP1 AF1-AF6	X	X
Fallback ATCC och ATS-units (replacement RUFF)	X

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