Rafaele Fitto who announced the receipt of the fourth tranche of NRRP from the EU

Fourth instalment of NRRP received

Business News

The government is “very satisfied” with the disbursement by the European Commission of the fourth instalment of Italy’s national recovery and resilience plan (NRRP). It is worth €16.5billion, European affairs minister Raffaele Fitto said on Thursday.

The European Commission has disbursed the fourth instalment of €16.5billion to Italy as part of the implementation of its post-Covid National Recovery and Resilience Plan (NRRP), as announced by the premier’s office at Palazzo Chigi on Thursday.

According to the statement, the payment follows the successful accomplishment of all 28 milestones and targets associated with the fourth tranche. These objectives primarily revolve around essential measures for ongoing reforms in justice and public administration, along with significant initiatives in the realms of social inclusion and public procurement.

The premier’s office highlighted that the key investments resulting from this instalment are mainly in areas such as digitalisation, specifically the migration of local public administration data to the cloud, the advancement of the space industry, green hydrogen, transport, research, education, and social policies.

Premier Giorgia Meloni had previously announced the early disbursement of the fourth instalment before the close of 2023. This payment brings the total resources obtained by Italy under the NRRP to approximately €102billion, constituting more than half of the Plan’s overall resources. Italy received the third tranche in October this year.

Realisation of measures

The statement underscored Italy’s significant progress in realising the planned measures of the NRRP. The Meloni government intends to continue working closely with the European Commission, following the amended plan ratified by the European Council, as part of an ongoing and cooperative framework.

Fitto’s announcement on Facebook

“The commitment of President Meloni and the government was to receive the funds by the end of 2023 and we have maintained it,” Fitto posted on Facebook.

“This is the result of a great collective effort and constant and constructive cooperation with the European Commission,” he continued.

“The work on the NRRP goes on,” concluded Fitto.

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