ANSA 07/02/2025

ANSA - Commission approves 7th instalment of Italy's NRRP

Tranche worth 18.3 billion euros

The European Commission said Tuesday that it has endorsed a positive preliminary assessment linked to Italy's request for the seventh payment of its National Recovery and Resilience Plan (NRRP) worth 18.3 billion euros.
    The payment request, made in December, covers steps in the delivery of 10 reforms and 46 investments in the areas of justice, public administration, public procurement, competition, waste management, cybersecurity and digitalisation of public administration, climate adaptation, renewable energy, energy poverty, sustainable transport, agriculture and scholarships at graduate and post-graduate level.
    The NRRP seeks to make the Italian economy greener and more modern with projects financed with the help of 194.4 billion euros in EU grants and low-interest loans under of the bloc's post-Covid Recovery Fund.
    The payments are conditional on Italy passing milestones, including a number of structural reforms.
    To date, the Commission has disbursed about 63% of the funds allocated to Italy under the Recovery and Resilience Facility - over 122 billion euros.

 


   

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