natgillin/translations-raw huggingface dataset:
‘Car fire fighting and equipment’, ‘Airport fence and monitoring’ and ‘Equipment for airport security guard’ amounting to PLN […] million (nominally in total)
Komisija ugotavlja, da bo imelo letališče Gdynia do leta 2020 približno […] 000 potnikov, leta 2030 pa največ milijon potnikov.
In the 2010 MEIP study, the consequence of removing public remit expenses is that the discounted cash flow increases to about PLN (-[…]) million (or in other words, the expected discounted loss over the period 2010-2040 is reduced by PLN […] million from PLN (-[…]) million to PLN (-[…]) million).
Kot je navedeno v odstavku 40 smernic za letalski sektor iz leta 2005, tudi malih letališč ni mogoče izvzeti iz področja uporabe člena 107(1) PDEU.
Given that the terminal value is not altered (and equal to PLN […] million), the NPV of the project increases from PLN […] million to PLN […] million (i.e. it increases from EUR […] million to about EUR […] million).
Glede na predvideni promet na letališču Gdynia in bližino letališča Gdansk (oddaljeno največ 25 kilometrov) Komisija meni, da je mogoč negativen vpliv na konkurenco in trgovino med državami članicami.
In view of the highly unrealistic assumptions regarding airport charges ([…] % higher than Gdansk airport [55]) and the overly optimistic traffic projections (reviewed projections of […] % to […] % lower than initially foreseen), such sensitivity tests suggest that slightly more realistic assumptions lead to a conclusion that the project would not be profitable.
Glede na argumente, predstavljene v uvodnih izjavah 83 do 182, Komisija meni, da dokapitalizacije družbe Gdynia-Kosakowo Airport Ltd pomenijo državno pomoč v smislu člena 107(1) PDEU.
Once the identifiable public remit expenses in the 2010 MEIP study are excluded, sensitivity tests suggest that the NPV would become negative if the expected revenues from LCC airport charges (without any reduction of the airport charges for charters) were to be reduced by […] % on an annual basis whilst keeping charter revenues, all other revenues, operating costs and capital expenditures as forecasted in the business plan (considering that LCC revenues start being generated in 2017 and progressively increase over time).
Ker je bilo družbi Gdynia-Kosakowo Airport Ltd to financiranje že na voljo, Komisija meni še, da Poljska ni ravnala skladno s prepovedjo iz člena 108(3) PDEU [60].
Furthermore, it is worth reminding that the project is only profitable due to the terminal value (i.e. the value of the airport as of 2040 assuming a […] % perpetual annual growth of cash flow).
ZDRUŽLJIVOST POMOČI
Up to 2040, the project generates negative cash flow.
Komisija je preučila, ali zadevna pomoč lahko velja za združljivo z notranjim trgom.
Therefore, even the assessment of the profitability of the project on the basis of the 2010 MEIP study without the capital expenditures for tasks falling within public policy remit does not lead to conclusive evidence that a private investor would have carried out the investment in question.
Kot je opisano zgoraj, pomoč zajema financiranje naložbenih stroškov, povezanih z začetkom delovanja letališča Gdynia, in izgubami iz tekočega poslovanja v prvih letih delovanja letališča (tj. vključno do leta 2019 v skladu s študijama načela VPTP iz let 2010 in 2012).
Summary and Conclusion
V členu 107(3) PDEU je določenih več izvzetij iz splošnega pravila, določenega v členu 107(1) PDEU, da državna pomoč ni združljiva z notranjim trgom.
The conversion project of Gdynia airport entails significant investments and a long-period of negative cash flows.
V zvezi s tem smernice za letalski sektor iz leta 2005 zagotavljajo okvir za presojo, ali se pomoč upravljavcem letališč lahko označi za združljivo v skladu s členom 107(3)(c) PDEU.
Indeed, the business plan shows that over the projection period of 2010-2040, the cumulative discounted cash flow is negative (and equal to minus PLN […] million or minus EUR […] million).
V teh smernicah je navedenih več meril, ki jih mora upoštevati Komisija.
According to the business plan, the project only becomes positive due to the discounted terminal value of PLN […] million calculated as of 2040 and forever, assuming that the airport will grow annually and forever thereafter at a nominal growth rate of […] %).
Državna pomoč za financiranje letališke infrastrukture je združljiva s členom 107(3)(c) PDEU, če je skladna s pogoji iz odstavka 61 smernic za letalski sektor iz leta 2005:
Despite the inherent and significant uncertainties related to a project of such long-term nature, the business plan contains no sensitivity analysis and this is not in line with the type of analysis that a prudent investor would have undertaken for such a project.
gradnja in uporaba infrastrukture ustrezata cilju splošnega interesa, ki je jasno opredeljen (regionalni razvoj, dostopnost itd.);
Further, the Commission’s analysis concluded that the business plan relies on a series of optimistic and unrealistic assumptions in view of the proximity of the airport to the Gdansk airport which has the same business model, spare capacity and expansion plans.
infrastruktura je potrebna in sorazmerna z zadanim ciljem;
Several sensitivity tests indicated that the NPV of the project becomes negative with minor and realistic modifications to the underlying assumptions.
infrastruktura ponuja zadovoljive možnosti srednjeročne uporabe, zlasti glede na uporabo obstoječe infrastrukture;
In view of the foregoing, the Commission considers that on the basis of the 2010 MEIP study a private investor would not have taken the decision embark in the investment project in question.
vpliv na razvoj trgovine ni v nasprotju z interesom Unije.
Therefore the decision of Gdynia and Kosakowo municipalities confers an economic advantage to the airport manager, which it would not have obtained under normal market conditions.
Poleg tega mora državna pomoč letališčem, da bi bila združljiva z notranjim trgom, tako kot vsi drugi ukrepi državne pomoči, spodbudno vplivati ter biti potrebna in sorazmerna z legitimnim zastavljenim ciljem.
As regards the MEIP studies carried out in 2011 and 2012 (and the funds that according to Poland were injected into the airport manager following those studies), the Commission considers that those capital injections had been already committed in the shareholder agreement signed on 11 March 2011 (see recital (33) further above), i.e. before the 2011 and the 2012 MEIP studies were carried out.
Gradnja in uporaba infrastrukture ustrezata cilju splošnega interesa, ki je jasno opredeljen (regionalni razvoj, dostopnost itd.)
Therefore, when the 2011 and 2012 MEIP studies were carried out, the investment decisions of the shareholders were already taken, even though they have been executed at a later point in time.
Komisija ugotavlja, da v Pomorjanski že uspešno deluje letališče Gdansk, ki je od načrtovanega novega letališča oddaljeno samo 25 kilometrov.
Moreover, the Commission considers that the capital injections executed after the 2011 and 2012 MEIP studies have been carried out cannot be regarded as autonomous investment decisions taken in isolation, since they concern the same investment project, which the public shareholders started to execute at the latest in 2010, and they merely reflect adjustments or amendments to the initial project.
Letališče Gdansk je v bližini obvoznice tromestja, ki je del hitre ceste S6, speljane mimo mest Gdynia, Sopot in Gdansk, in omogoča večini prebivalcev Pomorjanske preprost dostop do letališča.
Therefore, as already mentioned, the Commission considers that those study could demonstrate that Poland behaved as a private investors only if they would show that by investing additional funds, the project would yield a return capable of adequately remunerating the capitals already invested and to be invested (or that would appropriately remunerate those capitals even when taking into account the risk of having to repay any illegal aid received in the past).
Tudi za prebivalce Gdynie gradnja novega letališča ne bi pomenila pomembnega izboljšanja povezav, saj sta letališči Gdyina in Gdansk od središča Gdynie oddaljeni približno 20–25 minut vožnje z avtomobilom.
However, far from showing the above, those studies do not appear reliable for the reasons that will be explained below.
Komisija tudi ugotavlja, da bo metropolitanska železnica tromestja, ki se trenutno gradi s sofinanciranjem iz strukturnih skladov Unije, prebivalcem Gdanska in Gdynie omogočila, da se iz središča mesta pripeljejo na letališče Gdansk v približno 25 minutah.
The application of the MEIP on the basis of the 2011 MEIP update
Metropolitanska železnica tromestja bo zagotovila neposredno ali posredno povezavo do letališča Gdansk tudi ljudem iz drugih področij Pomorjanske.
The first update of the MEIP study was conducted in May 2011.
Komisija ugotavlja tudi, da ima letališče Gdansk trenutno zmogljivost pet milijonov potnikov na leto, dejanski potniški promet v letih 2010 do 2013 pa je bil naslednji:
Even though the capital injections executed after this MEIP study was carried out were committed before May 2011 (see recital 33 further above), the Commission has also assessed whether on the basis of the information contained in this economic study the capital injections would appear to reflect the behavior of a private investor operating in a market economy.
Ta naložba bo končana leta 2015.
In the 2011 MEIP study, the revenues from the project were kept constant but the capital expenditures were increased (see Figure 3 showing the cumulative investment expenditures expressed in real 2010 terms).
Poleg tega bo po napovedi prometa v Pomorjanski, ki jo je predložila Poljska in je bila uporabljena za pripravo dopolnjene študije načela VPTP iz leta 2012, skupno povpraševanje v regiji […] potnikov na leto […].
This study takes also into account the previous capital injections and the already carried out capital expenditures.
Preglednica 9
The WACC was slightly reduced (from […] % down to […] %) and the long-term growth rate was reduced from […] % to […] %.
Napovedi primeta za Pomorjansko (v milijonih)
Those updates led to the NPV being significantly reduced to PLN […] million (about EUR […]).
Komisija ugotavlja tudi, da je po informacijah, ki jih je zagotovila Poljska, v glavnem načrtu za letališče Gdansk predvidena nadaljnja širitev letališča na zmogljivost več kot 10 milijonov potnikov na leto.
This was due to a higher loss (the discounted cash flow over the period 2011-2030 would be equal to PLN (-[…] million) and the terminal value would be slightly decreased to PLN […] million.
Glede na razvoj prometa se v prihodnosti tako lahko sprejme odločitev o širitvi zmogljivosti letališča Gdansk na več kot sedem milijonov.
Consequently, the Commission concludes that also on the basis of the 2011 MEIP update the decision of Gdynia and Kosakowo municipalities to finance the conversion of Gdynia-Kosakowo (Gdynia-Oksywie) airfield into a civil aviation airport is not in line with the MEIP, and therefore it confers an economic advantage that the airport manager would not have obtained under normal market conditions.
Poleg tega je po informacijah, ki jih je zagotovila Poljska, trenutna vzletno-pristajalna zmogljivost na letališču Gdansk 40–44 operacij na uro, trenutno povprečje pa je 4,7 operacije na uro.
The application of the MEIP on the basis of the 2012 MEIP update
Komisija na podlagi informacij, ki jih je zagotovila Poljska (glej uvodne izjave 192 do 196), ugotavlja, da bo letališče Gdansk v naslednjih letih uporabljajo samo približno 50–60 % svojih zmogljivosti.
Poland considers that the Commission should assess the compliance with the MEIP on the basis of the 2012 MEIP study.
Zaradi tega bo lahko letališče Gdansk kljub hitri rasti števila potnikov v Pomorjanski še dolgo zadostilo povpraševanju letalskih družb in potnikov.
In order to reply to that argument, even though the capital injections executed after this MEIP study was carried out, were committed before (see recital 33 further above), the Commission has also assessed whether on the basis of the information contained in this economic study the capital injections would appear to reflect the behavior of a private investor operating in a market economy.
Komisija poleg tega ugotavlja, da letališče Gdansk omogoča več kot 40 notranjih in mednarodnih povezav (povezav od točke do točke in povezav z vozlišči, kot so Frankfurt, München, Varšava in Köbenhavn.
The Commission notes that the 2012 MEIP update takes into account the previous capital injections and the already carried out capital expenditures.
Kot je navedeno v uvodni izjavi 60, Poljska na eni strani trdi da so širitvene zmogljivosti letališča Gdanska omejene zaradi načrtov in okolja.
The 2012 MEIP update shows that the financing provided to Gdynia-Kosakowo Airport Ltd results in a positive equity value of PLN […] million (around EUR […] million) for its shareholders.
Po drugi strani pa trdi tudi, da širitvene zmogljivosti letališča Gdansk niso omejene.
In addition, the IRR of the investment project amounting to […] % is higher than the assumed cost of capital of the airport manager ([…] %).
Ker so argumenti glede omejitev širitvenih zmogljivosti protislovni in niso utemeljeni, Komisija meni, da ne more utemeljiti svoje presoje na njih.
The 2012 MEIP study compares the equity value of the company with further investments, where the new airport becomes operational (the ‘basic scenario’), and the equity value of the company without further investments (the ‘counterfactual scenario’), where the investment project would be discontinued as of June 2012 [56].
Glede na neizkoriščene zmogljivosti letališča Gdansk, ki dolgoročno ne bodo v celoti uporabljene, in načrt za nadaljnjo širitev zmogljivosti tega letališča, če bo to dolgoročno potrebno, Komisija ne verjame, da bi lahko vzpostavitev dodatnega letališča v Pomorjanski prispevala k razvoju regije.
In this context, the Commission has already concluded that the capital injections carried after 2010 cannot be considered in isolation from the initial investment decision that was taken in 2010.
Komisija poleg tega ugotavlja, da Pomorjanska že ima dobre povezave zaradi letališča Gdansk in novo letališče ne bo izboljšalo povezav s to regijo.
The correct counterfactual scenario in 2010 would have been not to start implementing the project.
Komisija ugotavlja tudi, da je iz poslovnega modela letališča Gdynia razvidno, da bo tekmovalo z letališčem Gdansk na trgih nizkocenovnega, čarterskega in splošnega letalstva.
According to Poland the lease agreement allowed Kosakowo only to use the land for a civil aviation airport.
Poleg tega vzpostavitev novega letališča, ki bi se uporabljalo kot nadomestno letališče v nujnih primerih, ne more upravičiti obsega naložbe v letališče Gdynia.
The Commission notes that a private investor would not have had entered into such agreement in the first place if the plans to develop a new civil airport in the area would not show a realistic possibility to obtain a positive return from such an investment.
Komisija glede na zgornje navedbe meni, da se bo z naložbo v letališča Gdynia samo podvojila infrastruktura v regiji, kar ne izpolnjuje jasno opredeljenega cilja skupnega interesa.
Therefore, the counterfactual scenario defined in the 2012 MEIP update is distorted by a previous decision, which itself did not reflect the behaviour of a private investor.
Infrastruktura je potrebna in sorazmerna z zadanim ciljem
In other words, the correct counterfactual in 2010 as well as in 2012 would be that of not implementing the project of developing the civil airport in question, as all the capital injections and MEIP studies carried out by Poland concern the implementation of the same investment project.
Kot je navedeno v uvodnih izjavah 189 do 202, Komisija meni, da letališče Gdansk učinkovito pokriva zaledje letališča Gdynia in ga bo tudi v prihodnje.
In any case, the Commission observes that the basic scenario of the 2012 MEIP update provided by Poland is based on a business plan projecting the future cash flows for the equity investors for the period 2012–2030 (i. e. a period of a high growth) [57].
Poleg tega imata obe letališči podoben poslovni model in se osredotočata predvsem na nizkocenovne in čarterske lete.
The projected future cash flows are based on the assumption that the airport will start its activities in 2013.
Ker ni jasno opredeljenega cilja skupnega interesa, Komisija meni, da infrastrukture ni mogoče obravnavati kot potrebno ali sorazmerno s ciljem skupnega interesa (glej tudi uvodno izjavo 202 zgoraj).
At the time when the 2012 MEIP update was conducted, Poland expected that the airport would serve around […] passengers in 2014 and progressively extend its activities up to […] passengers in 2020 and around […] million in 2028 (see passenger development forecast in Table 8 below).
Infrastruktura ponuja zadovoljive možnosti srednjeročne uporabe, zlasti glede na uporabo obstoječe infrastrukture
Table 8
Kot je navedeno v točki (i), je letališče Gdynia samo 25 kilometrov oddaljeno od letališča Gdansk, obe letališči pa imata isto zaledje in podoben poslovni model.
Traffic projections for Gdynia airport (in thousands)
Letališče Gdansk trenutno uporablja manj kot 60 % svojih zmogljivosti.
Erwarteter Anstieg der Fluggastzahlen
Ob upoštevanju naložb, ki se trenutno izvajajo, letališče Gdansk zadošča povpraševanju v regiji vsaj do obdobja 2025–2028, odvisno od uporabljenih napovedi, njegova nadaljnja širitev pa je izvedljiva.
Jahr
Komisija ugotavlja še, da poslovni načrt za letališče Gdynia kaže, da bo to letališča ustvarilo približno [80–90] % svojih prihodkov iz zagotavljanja storitev nizkocenovnim in čarterskim prevoznikom.
Insgesamt
To pomeni, da se bo osredotočilo na trge, ki zagotavljajo osnovni posel letališču Gdansk.
According to the 2012 MEIP update it is expected that after 2030 the airport operator will grow endlessly at a stable growth rate of […].
V zvezi s tem Komisija ugotavlja tudi, da Poljska ni zagotovila nobenega dokazila o morebitnem sodelovanju med letališčema.
Under this assumption, Poland calculated the terminal value of the airport operator in 2030.
Načrti za ustvarjanje prihodkov iz drugih letalskih in neletalskih dejavnosti (proizvodnje in storitev) sami ne bi zadoščali za kritje visokih stroškov poslovanja, povezanih z upravljanjem letališča Gdynia.
The Commission notes that like in the 2010 MEIP study the key value drivers of the future cash flows of the manager of Gdynia airport are the expected aeronautical revenues, which will be determined by the number of passengers and level of airport charges paid by airlines.
Komisija zato meni, da letališče Gdynia nima zadovoljivih možnosti srednjeročne uporabe.
With regard to the expected passenger development, Poland argues that the demand for air passenger services will increase over time together with the expected increase of Poland’s GDP and the region’s development.
Dostop do infrastruktur je odprt za vse morebitne uporabnike enako in brez razlikovanja
Poland is therefore of the opinion that the traffic projections are conservative and the actual traffic might be higher than the foreseen.
Poljska je potrdila, da bi vsi morebitni uporabniki lahko dostopali do letališke infrastrukture enako in brez razlikovanja brez kakršnega koli komercialno neupravičenega razlikovanja.
According to Poland, the traffic forecast for the region updated in March 2013 foresees higher traffic than that applied in the 2012 MEIP update.
Vpliv na razvoj trgovine ni v nasprotju z interesom Skupnosti
Poland argues that the business plan foresees that less than […] % of the passenger traffic in the region will be served by Gdynia airport.
Komisija ugotavlja, da Poljska ni zagotovila nobenega dokazila, da bosta letališči Gdynia in Gdansk sodelovali kot letalsko vozlišče.
Moreover, according to Poland the aviation market development in the Pomeranian Region leaves a room for an additional small airport with services complementary to that of Gdansk airport.
Po logičnem sklepanju bosta letališči dejansko tekmovali, da bi pritegnili iste potnike.
With regard to passenger demand, the Commission considers that the arguments presented in recitals 118 and 129 concerning Gdynia’s competition for airlines and passengers with Gdansk airport are also valid for the assessment of the 2012 MEIP update.
Komisija poleg tega ugotavlja, da poslovni načrt letališča Gdynia (po katerem približno [80–90] % prihodkov ustvarijo nizkocenovni in čarterski leti) in obseg naložbe (npr. terminal z zmogljivostjo 0,5 milijona potnikov na leto, ki se bo v prihodnosti razširil) ne podpirata trditve, da se bo letališče Gdynia osredotočilo na splošni letalski promet in zagotavljajo samo ali predvsem storitve sektorju splošnega letalskega prometa.
The Commission observes in particular that the level of airport charges foreseen in the 2012 MEIP update was set at the same level as in the 2010 MEIP study.
Ob upoštevanju zgornjih navedb in dejstva, da se bosta obe letališči osredotočali na nizkocenovne in čarterske lete, Komisija meni, da je pomoč namenjena letališču, ki bo neposredno konkuriralo drugemu letališču z istim zaledjem, pri čemer ne bo povpraševanja po letalskih storitvah, katerim obstoječe letališče ne bi moglo zadostiti.
Since Gdansk, Bydgoszcz and Szczecin airports applied the same tariffs in 2012 as in 2010 (including the same discounts), the Commission assessment of the level of charges in the 2012 MEIP study for Gdynia airport is the same as for the 2010 MEIP studies (see recitals 122 to 129).
Na podlagi podatkov, ki jih je zagotovila Poljska, Komisija meni, da bi naložbeni stroški lahko bili nižji od stroškov gradnje drugih primerljivih regionalnih letališč na Poljskem.
The Commission considers that a market economy investor guided by the prospect of profitability would not base any investment decision in the project in question on a level of charges that is significantly higher than the net charges applied in other Polish regional airports [58], especially at Gdansk airport.
Razlog za to je predvsem uporaba obstoječe infrastrukture vojaškega letališča.
The Commission also notes that the stress test conducted by Poland shows that the equity value turns negative, if the passenger charge is reduced to PLN […].
Poljska poleg tega trdi, da upravljavec letališča ne bi izvedel naložbe brez pomoči.
In this context, the Commission notes that a reduced airport charge, which would be comparable with the level of airport charges paid at other Polish regional airports (e.g. Gdansk, Bydgoszcz, Szczecin, Lublin) would result in a negative equity value.
Komisija še ugotavlja, da dolgo obdobje, ki je potrebno za doseganje praga dobička za tovrstno naložbo, pomeni, da bi javno financiranje lahko bilo potrebno za tako spremembo ravnanja upravičenca, da bi nadaljeval naložbo.
The Commission further considers that a market economy investor would not set its charges at a higher level under the assumptions that the charges at Gdansk airport would increase in the long-term.
Ker poleg tega ni mogoče določiti pričakovane donosnosti naložbenega projekta (glej uvodno izjavo 177) in vlagatelj pod tržnimi pogoji ne bi začel takega projekta, je dejansko verjetno, da je ravnanje upravljavca letališča spremenjeno zaradi pomoči.
In this respect, the Commission observes that the schedule of charges applied at Gdansk airport foresees the application of discounts until 2028 (i.e. only two years shorter than the period covered in the business plan for the 2012 MEIP update).
Vendar Komisija zaradi odsotnosti jasno opredeljenega cilja v skupnem interesu ugotavlja, da pomoči ni mogoče šteti za nujno in sorazmerno s tem ciljem.
Poland confirmed that the 2012 MEIP update takes into account operating costs, which are related to the military operation at the airport.
Komisija meni, da financiranje izgub iz tekočega poslovanja družbe Gdynia-Kosakowo Airport Ltd pomeni pomoč za tekoče poslovanje in zmanjšuje tekoče odhodke upravljavca letališča.
These costs are expected to be compensated by the State.
V skladu s sodno prakso Sodišča je taka pomoč za poslovanje načeloma nezdružljiva z notranjim trgom.