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Pnrr: green light from the EU Commission to pay the third installment of 18,5 billion. Yes to the changes of the fourth 

7 months after the request, the third installment of 18,5 billion (minus 500 million) was released. Preliminary green light also for the fourth

Pnrr: green light from the EU Commission to pay the third installment of 18,5 billion. Yes to the changes of the fourth

Green light from the European Commission to payment to Italy of the third installment of the Pnrr from 18,5 billion – the agreement had been reached on 20 July - and at 10 fixes proposals from Rome to the targets relating to fourth slice, which is now worth 16,5 billion. Not to be confused with the proposal for revision of the Pnrr, illustrated on Thursday 27 July by the Minister for European Affairs and the Pnrr Raffaele Fitto, whose evaluation will instead be a long and tortuous road given the quantity of projects to be reviewed (144).

Now only the green light is missing Economic and Financial Committee of the Council, who has four weeks to comment. According to the original roadmap, the objectives of the fourth tranche were to be completed by the first half of this year. Now the fourth installment is worth 16,5 billion (plus there are the 500 million "advanced" from the third) and the objectives from 27 have risen to 28 because the target of student accommodation has been included.

The opinion of the EU Commission

“The 54 goals and objectives satisfactorily achieved under the third payment request demonstrate significant progress in the implementation of Italy's recovery and resilience plan” underlined the EU Commission. The objectives of the third installment of the Pnrr “cover wide-ranging transformative reforms in the fields of competition law, the judiciary, public administration and taxation, as well as education, the labor market and the health system. There payment request it also covers investments to promote the digital and green transition and to improve support for research, innovation and education”, explained the EU executive.

“Following an evaluation of the changes proposals from Italy” on fourth installment, "the Commission concluded that the Italian plan still complies with the criteria established in the Recovery regulation", explained the EU executive, underlining that it "found that the overall ambition of the plan is not affected by the changes, given their purposeful nature".

The reactions

Giorgia Melons, visiting the USA, expressed great satisfaction. "A great result that will allow Italy to receive the 35 billion euros planned for 2023 and which is the result of the intense work carried out in recent months and the strong synergy of the Government with the European Commission", said the premier.

“Italy has shown a lot of progress in implementing crucial reforms and investments included in its recovery and resilience plan. Reform the health, judicial and tax systems. Investing in digital public services and making public transport more sustainable. By opening up new possibilities for businesses to thrive, thanks to a competition law", commented in a statement, the president of the European Commission Ursula von der Leyen.

The European Commissioner for Economy, Paolo Gentiloni he spoke of “two important steps”. “The positive assessment of the third payment request reflects the achievement of 54 goals and milestones, covering important reforms in areas such as competition, justice and education and crucial investments for the green and digital transitions, to boost innovation and support tourism”, concluded Gentiloni.

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