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How does Italy distribute European funds in its recovery plan?

Rome, Apr 25 (EFE) .- The Italian Government of Mario Draghi has designed a recovery plan for the country that has a value of about 221,500 million euros, of which 191,500 million will come from the European Recovery Fund and the other 30,000 Complementary millions will be from other national funds and resources.

The plan will be presented in Parliament tomorrow, Monday, and Tuesday, and then it will be sent to the European Commission (EC) before April 30.

The total more than 220,000 million will be distributed in six key areas for Italy to emerge from the coronavirus crisis and drive long-term sustainable growth:

– ECOLOGICAL TRANSITION: 68,650 MILLION

It will have 57,000 million euros from the European fund and an additional 11,650 from complementary funds.

The objective is to improve the sustainability and resilience of the economic system, through an egalitarian and inclusive transition and with investments in the circular economy and waste management, in renewable energies and in the energy efficiency of buildings.

– DIGITALIZATION: 48,630 MILLION

42,500 million from the European fund plus 6,130 million complementary

The intention is to promote the digital transformation and the modernization of the productive system, the public administration and the private sector, as well as to deploy an ultra-fast internet band that allows 1 Gbps connections to be brought to more than 8 million families, 9,000 schools and 12,000 hospitals.

– RESEARCH AND EDUCATION: 31,900 MILLION

It will be financed only with European funds.

It will invest in 4.0 schools so that they can teach lessons with the latest technologies, school structures will be revised, nurseries and kindergartens will be improved and research programs will be supported.

– INFRASTRUCTURES: 31,420 MILLION

25.3 billion in European funds plus 6.12 billion added, which will serve to renew regional rail lines and promote high-speed rail, but also to make sure that other infrastructures in the country are more sustainable.

– INCLUSION AND COHESION: 22,350 MILLION

19,100 million of European funds plus another 3,250 million.

Active employment and female entrepreneurship policies will be promoted, investment will be made in social services, urban regeneration and integration of peripheral neighborhoods in large cities, with the possible collaboration of third sector (non-profit) associations and organizations.

– HEALTH: 18,490 MILLION

15,600 million from the European fund plus an additional 2,890 million that will be used to improve primary and intermediate care services, training health personnel, updating diagnostic equipment and biomedical research.

Draghi’s plan includes other reforms necessary for the country, such as public administration, to simplify bureaucratic procedures, and justice, to speed up processes with the increase in temporary hires, among other initiatives.

(c) EFE Agency

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