Fri. Feb 7th, 2025

Brussels, 26 November 2024

Today, the Commission has endorsed a positive preliminary assessment of Italy’s sixth payment under the Recovery and Resilience Facility, the centrepiece of NextGenerationEU, for €8.7 billion (net of pre-financing), i.e.€1.8 billion in grants and €6.9 billion in loans.

Following its assessment of the payment request submitted on 28 June 2024, the Commission has preliminarily concluded that Italy has satisfactorily completed the 23 milestones and 16 targets set out in the Council Implementing Decision for the sixth instalment.

17 reforms and 17 investments will drive positive change for citizens and businesses in areas such as digitalisation, public administration, business environment, justice, labour, clean mobility, renewable energy, security of gas supply, agri-food, waste management and health.

Flagship measures in this payment request include:

  • Reform to fight undeclared work: Italy has continued efforts to prevent and tackle undeclared work. More specifically, Italy strengthened inspections and sanctions, introduced targeted financial incentives to promote declared work, carried out a national information campaign, improved the collection of granular data on undeclared work, trained job center operators and implemented actions to address labour exploitation in agriculture.
  • Investment in the Adriatic Line (RepowerEU): The contracts for constructing key components of the Adriatic gas pipeline – the compressor station in Sulmona and the pipeline linking the nodes of Sestino and Minerbio – have been awarded. This REPowerEU investment (worth €375 million) will enhance the security of gas supply of Italy and Europe, supporting efforts to diversify energy sources and reduce dependence on Russian gas. This investment complements the around €40 billion allocated under Italy’s Recovery and Resilience Plan for renewable energy and energy efficiency, highlighting the significant commitment made to drive the green transition while strengthening energy security.
Next steps

The Commission has now sent its preliminary assessment of Italy’s fulfilment of the milestones and targets required for this payment to the Economic and Financial Committee (EFC), which has four weeks to deliver its opinion. The payment to Italy can take place following the EFC’s opinion, and the adoption of a payment decision by the Commission.

Background

The Italian recovery and resilience plan includes a wide range of investment and reform measures. The plan will be supported by €194.4 billion, i.e. €71.8 billion in grants and €122.6 billion in loans.

You can find more information on Italy’s Recovery and Resilience plan on this page, which features an interactive map of projects financed by the RRF, as well as on the Recovery and Resilience Scoreboard. More information on the process of payment requests under the RRF can be found in this document of questions and answers.

For more information

Source – EU Commission

 

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