Recovery Fund in Greece Approves Set of Major Projects Budgeted at €1.34B

ΑΤΗΕΝS — A total of 36 projects budgeted at 1.34 billion euros were approved for inclusion in the Recovery Fund in Greece on Wednesday.

Added to the earlier approved 12 projects announced in July, the current projects approved in the funding total 48, with a budgeted total of 2.76 billion euros. The approval was signed by Alternate Finance Minister Theodoros Skylakakis, whose portfolio includes responsibility for the Recovery Fund.

The projects announced on Wednesday relate among others to environmental and climate crisis projects, justice and infrastructure/transport. They also include resarch and innovation, migration housing facilities, culture, agrifood and improving public administration.

Following are some indicative projects to be funded:

– 220 electric city buses for Athens and Thessaloniki

– National reforestation plan to be drawn up

– Electricity grid connectivity between Cycladic Islands and Lavrio on the mainland

– Dam building and antiflooding projects

– Improvements at the Tatoi former royal estate area, now a park

– Drafting a national strategy to protect important sites and monuments from climate change

– Transferring all courts in Piraeus to a new, energy-efficient building, and

– Improvements and additions of new departments to regional hospitals


ATHENS - Credit ratings agency Fitch has raised Greece's rating from 'BB' to 'BB+', in a report released late Friday.

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