Draghi to present recovery plan
Prime Minister Mario Draghi is expected to unveil a draft of Italy’s Recovery Plan to cabinet on Friday, three government sources said, as he races to try to complete a final version for presentation to the European Commission next week.
Italy plans to spend more than 220 billion euros ($265.84 billion) from European Union and national funds to revive its coronavirus-battered economy, a draft seen by Reuters showed.
The draft, which is still subject to negotiation in the ruling coalition, includes dozens of projects under six headings: ecological transition, digitalisation, infrastructure, education and research, social inclusion and health.
One of the main single projects, worth more than 10 billion euros, aims to make buildings more energy efficient and earthquake-proof. More than 6 billion euros is earmarked for broadband, 5G and satellite technologies.
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