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Govt to propose omitting projects worth 15.9bn from NRRP

Govt to propose omitting projects worth 15.9bn from NRRP

To be covered by other funding says Fitto

ROME, 27 July 2023, 17:40

Redazione ANSA

ANSACheck

- ALL RIGHTS RESERVED

-     ALL RIGHTS RESERVED
- ALL RIGHTS RESERVED

The government is to propose to the European Commission omitting nine measures worth 15.9 billion euros from Italy's EU-funded post-Covid National Recovery and Resilience Plan (NRRP) and funding them through other sources, European Affairs Minister Raffaele Fitto said on Thursday.
    The measures "will be safeguarded through coverage by other sources of funding, such as the national plan that is complementary to the NRRP and cohesion policy funds," Fitto told reporters after the meeting of the NRRP steering committee.
    The measures include interventions to enhance the territory and improve the energy efficiency of municipalities, to a value of 6 billion euros, urban renewal projects to a value of 3.3 billion euros, integrated urban plans to a value of 2.5 billion euros, and flood and hydrogeological risk management to a value of 1.287 billion euros.
    "For some interventions, significant critical issues have emerged that do not allow confirmation of funding under the plan," read a summary of the amended plan released by the European affairs ministry after the meeting.
    "In this context, the government is taking the necessary measures to reprogramme resources in favour of interventions that are coherent and feasible within the planned timeframe, while ensuring the full funding of the interventions removed from the NRRP," continued the summary.
    Instead, Fitto said that the proposed additional RepowerEU chapter of the plan containing measures to promote the use of clean energy, energy efficiency and diversification includes "a total of 19 billion euros worth of planned interventions benefitting economic growth, employment and all the main strategic sectors".
    The interventions, he added, have "been selected on the basis of the RepowerEu criteria, both in terms of achieving the energy objectives and meeting the deadline for implementation by 2026".
    The Repower, said Raffaele Fitto, includes three areas of investments (networks, efficiency and production plants) and six reforms.
   

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