Italy tops EU for NRRP funds collected

Rome commits to asking 7th installment by year's end - Foti

By: ansa.it

Dec 23 2024
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Italy tops EU for NRRP funds c

Italy is top in the European Union for the amount of sums collected for its post-COVID National Recovery and Resilience Plan (NRRP), Premier Giorgia Meloni's office at Palazzo Chigi in Rome said Monday.
    Speaking after the European Commission handed Italy its sixth NRRP installment worth some 8.7 billion euros, Chigi said: "Italy confirms itself as the EU Member State that has received the largest amount of funding, equal to 122 billion euros, corresponding to 63% of the overall allocation of the PNRR.
    "A positive result that will allow Italy to invest in many strategic sectors".
    It noted that the payment follows the positive assessment of the Commission, adopted last November 26, connected to the achievement of 39 objectives, divided into twenty-three milestones and sixteen targets.
    European Affairs, Cohesion Policy and NRRP Minister Tommaso Foti said Rome was committed to requesting the seventh installment by the end of the year.
    "The positive work carried out to reach the sixth installment is followed by the Government's commitment to formalize, by the end of the year, also the request for payment of the seventh installment, equal to 18.3 billion euros, paying maximum attention to the monitoring activity of the plan and the measures included in the last three installments, to the results of the coordination booths at the Prefectures and to the consequent action plans", Foti said.