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Italy publishes its EU-funded recovery plan

The Italian government published on Sunday its draft recovery plan financed by the European Union (EU) that is due to present to Parliament on Monday.

The five-year plan includes expenses of 222.1 billion euros (about 268 billion dollars), of which the EU will contribute 191.5 billion euros (231.6 billion dollars).

The plan, which obtained a first go-ahead after a meeting between Italian Prime Minister Mario Draghi and the head of the European Commission, Ursula von der Leyen, according to a government spokesman, is divided into six missions.

The mission “Digitization, innovation, competitiveness and culture” will be allocated 49.2 billion euros and the investments foresee the deployment of the latest generation internet throughout the peninsula, without white zones.

The chapter “Green revolution and ecological transition”, which will receive the largest amount (68.6 billion euros), aims to recycle 65% of plastic waste and 100% of textiles, promote public transport with the purchase of less polluting buses, among others.

The government also plans “major investments in renewable energy sources” and supports “the hydrogen sector.”

The mission “Infrastructures for sustainable mobility”, whose budget is 31,400 million euros, foresees “a rational development of modern, sustainable transport infrastructures that cover the whole country”.

The modernization of regional railway lines and investments in high-speed trains are its main objectives.

The “Education and research” section has a budget of 31,900 million euros and provides for the construction of new nurseries and nursery schools, among others.

With an amount of 22.4 billion euros, the “Inclusion and cohesion” section seeks to “facilitate participation in the labor market (…) and promote social inclusion.”

The government will invest especially in the creation of businesses by women through a special fund or in the suburbs of large cities.

With an endowment of 18,500 million euros, the “health” chapter aims to strengthen prevention and local medical services, as well as digitize the health system as a whole.

ljm / bds / tjc / es

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