Italy has received the third
installment of European Union funding for implementation of its
post-Covid national recovery and resilience plan (NRRP),
European Commission spokeswoman Veerle Nuyts said on Monday.
Payment of the 18.5 billon euro tranche is "an important step in
the implementation of the Italian plan as the third payment
includes far-reaching and transformational reforms and
investments," said Nuyts.
Italy requested the third tranche at the end of 2022, but the
Commission only agreed to OK payment at the end of July after
the government rejigged the NRPP and moved some milestones to
the measures covered by the fourth installment, worth 16.5
billion euros.
"The payment of the third instalment follows the Commission's
positive assessment on the achievement of the 54 objectives and
targets set out in the Plan, an assessment that was then
confirmed by the EU Member States," said European Affairs
Minister Raffaele Fitto.
Now it is "onwards and upwards with the work on the fourth
installment," he added.
The proposed changes to the measures to be implemented in
exchange for the fourth installment of payment include
incentives for energy efficiency, an increase in childcare
facilities, the development of the space and film industries,
and sustainable transport.
Italy also added a milestone on increasing student accommodation
that had initially been linked to the third tranche.
These proposed changes have now been approved by both the
European Commission and the European Council, making it possible
for Italy to formally request payment of the fourth tranche.
Last month Fitto said the payment would arrive by the end of the
year.
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