21 ADD 1 REV 2) of 13 July 2021 on the approval of the assessment of the recovery and resilience plan for Italy - Main contents

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dossier	COM(2023)765 - Amendment of Implementing Decision (EU) (ST 10160/21; ST 10160/21 ADD 1 REV 2) of 13 July 2021 on the approval of the ...
document	COM(2023)765
date	November 24, 2023

Article 1

Implementing Decision (EU) [ST 10160/21; ST 10160/21 ADD 1 REV 2] is amended as follows:

(1) Article 1 is replaced by the following:

“Article 1

Approval of the assessment of the RRP

The assessment of the modified RRP of Italy on the basis of the criteria provided for in Article 19(3) of Regulation (EU) 2021/241 is approved. The reforms and investment projects under the RRP, the arrangements and timetable for the monitoring and implementation of the RRP, including the relevant milestones and targets and the additional milestones and targets related to the payment of the loan, the relevant indicators relating to the fulfilment of the envisaged milestones and targets, and the arrangements for providing full access by the Commission to the underlying relevant data are set out in the Annex to this Decision.”;

(2) In Article 2, paragraphs 1 and 2 are replaced by the following:

“1. The Union shall make available to Italy a financial contribution in the form of non-repayable support amounting to EUR 71 779 623 788 ⁶ That contribution includes:

1. an amount of EUR 47 925 096 762 that shall be available to be legally committed by 31 December 2022;

2. an amount of EUR 21 098 659 790 that shall be available to be legally committed from 1 January 2023 until 31 December 2023;

3. an amount of EUR 2 755 867 236 ⁷, in accordance with Article 21a(6) of Regulation (EU) 2021/241, exclusively for measures referred to in Article 21c of that Regulation, with the exception of measures referred to in Article 21c (3), point (a);

2. The Union financial contribution shall be made available by the Commission to Italy in instalments in accordance with the Annex to this Decision. An amount of EUR 8 954 466 787 shall be made available as pre-financing in accordance with Article 13 of Regulation (EU) 2021/241.

An amount of EUR 551 173 447 shall be made available as pre-financing in accordance with Article 21d of Regulation (EU) 2021/241. That pre-financing may be disbursed by the Commission in up to two payments.

The pre-financing and instalments may be disbursed by the Commission in one or several tranches. The size of the tranches shall be subject to the availability of funding.”;

Article 2
Addressee

This Decision is addressed to the Italian Republic.