Italy first to request sixth NRRP tranche - Meloni
Rome requests installment worth 8.5 billion euros
Premier Giorgia Meloni told a meeting
of the steering group for the National Recovery and Resilience
Plan (NRRP) on Monday that Italy is set to become the first EU
country to request its sixth tranche of funding from the
NextGenerationEU programme, sources said.
The post-COVID NRRP seeks to make the Italian economy Greener
and more modern with the help of around 194 billion euros in
grants and low-interest loans from the EU.
Payment of the funding is dependent on the achievement of
milestones regarding reforms and the projects themselves
The government had to significantly modify its NRRP to update it
to the needs of changing circumstances and avert the danger of
funding not arriving because it was not possible to complete the
projects by the deadline of 2026.
"The steering group is called on today to start the procedure to
request the European Commission to pay the sixth installment of
the 8.5 billion euro of the NRRP," Meloni told the meeting,
according to the sources.
"It is a very important moment, because this allows us to
achieve a double record and be the first nation in Europe to
request payment of the sixth installment, after having also been
the first to request the fifth.
"We come to this point after some complex and very demanding
work, especially in the last few days".
A statement subsequently confirmed that Italy will request the
sixth tranche after the achievement of 37 milestones linked to
it.
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