The next generation of Recovery Fund projects

By Tasos Dasopoulos

The Fund for Recovery and Resilience is gaining momentum regarding the inclusion of new projects, since in the total of 48 that had been included until mid-October, another 50 are being prepared to join, for which the relevant decisions have already been issued.

After the signing of the business contract at the end of 2021 and the application for the installment of 3.56 billion euros, now the Ministry of Finance together with all the other Ministries are entering the struggle of endurance of the implementation of the program and in time.

So far, 48 projects with a total budget of 2.76 billion euros have been included in the financing of the Recovery Fund. At this stage, they are ready to join another 50 actions (investments and reforms) with a total budget of 1.9 billion euros.

The Ministry of Labor has the lion’s share of this project package. Eight major EFKA employment support programs with a total budget of 412 million euros are to be included. In particular, employment programs are activated especially for young people from 18 to 30 years old, for special groups of the population with difficulty in finding a job again and upgrading skills for targeted population groups. There is also a special project to upgrade the digital file of EFKA to make it easier to manage old and new pensions, as well as the general operation of the new Fund.

In the crucial tourism sector, there are a total of six programs with a budget of 360 million euros. Four of them will support all forms of alternative tourism (agritourism and gastronomy, mountain tourism, diving tourism, health and wellness tourism). A fifth project concerns the upgrading of tourist ports and the sixth, ensuring accessibility to beaches.

Also included are two projects of the Ministry of Immigration and Asylum with a total budget of 42 million euros. The first concerns the creation of an Event Management Center for the Integrated Digital Electronic and Physical Security Management System with cybersecurity support for the protection of human life, property and the functions of the reception and hospitality structures of third country nationals.

The second project concerns the creation of telecommunications infrastructure in the structures of temporary reception and accommodation of asylum seekers / refugees and immigrants.

As far as the Ministry of Finance is concerned, six projects with a total budget of 50 million euros will be included, which will concern the digital upgrade of its services and three other smaller projects of AADE, which mainly concern the digital upgrade of its systems.

The individual projects

The same project package also includes individual projects of Ministries. Specifically:

– The creation of a digital grid of interactive learning of the Ministry of Education. The project involves the installation of at least 36,000 interactive learning systems (including whiteboards, laptops, interactive projectors and internal cables) for primary and secondary school classrooms. The program has a budget of 160 million euros.

– The reform of the claw back institution by the Ministry of Finance with a budget of 230 million euros. The change will concern the possibility that will be given to the pharmaceutical companies from now on if they can not return the amount they owe due to the excess of the pharmaceutical expense to have this amount in research in their field.

– The well-known energy upgrade program “Saving at Home, with a budget of 199.64 million euros. The project concerns the new form of the program that will be financed from now on by the Recovery Fund and not the NSRF, as was the case until the end of 2021 .

– The program of selection and maturation of investments of strategic importance by the HRDH, for which the amount of 10 million euros is tied as an advance.

Of course the evaluation and inclusion of projects will not stop here. Coordinated by YPOIK, the Ministries that have committed a share of funding from the Recovery Fund should continue to include projects at an even faster pace in the coming months.

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Source From: Capital

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