European Commission President Ursula
von der Leyen praised the environmental credentials of Italy's
National Recovery and Resilience Plan (NRRP) but stressed that
now comes the hard part of implementing it in an interview with
ANSA on Friday.
"Italy's NRRP has an authentic green soul," von der Leyen said,
"37% of the Next Generation EU Italia (funding) will support the
Green transition.
"But now the investments and reforms envisaged in the plan must
become reality".
Italy is getting the biggest single chunk of the EU's
750-billion-euro Next Generation EU recovery fund.
Italy will spend around 248 billion to make the country greener
and more modern as it recovers from its biggest peacetime
recession as part of the NRRP.
Around 191.5 billion euros of that money is coming from grants
and low-interest loans allocated through the Recovery and
Resilience Facility.
Reforms to cut red tape and speed up a snail-paced justice
system will go hand in hand with the plan.
Von der Leyen described the Next Generation EU programme as "an
authentic Green Marshall Plan" that will "give life to new
markets and open the doors to gigantic economic opportunities
for Europe and Italy.
"Over 500 billion euros will be devoted to Green and digital
projects throughout the EU," she added.
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