Pnrr, 20 billion for energy. Government: The third batch is near the agreement

The Italian government, confident of being able to quickly obtain agreement on the payment of the third installment of the Pnrr funds, has already sent to Brussels, for a preliminary assessment, List of investments that should flow into Repower-EU, The Fund aims to finance the energy transition that will arise with the reprogramming of the Plan’s interventions. Projects worth at least 10 to 20 billion euros that will be identified by the government by August, after a review by the EU Commission, with a national Pnrr review. Yesterday, Minister for European Affairs, Ravel Vito, assessed the situation in Brussels with Economic Commissioner Paolo Gentiloni. The agreement on the third tranche of Pnrr financing, 19 billion euros linked to targets achieved at the end of 2022, should not be long in coming, even if the actual repayment could take a few more weeks. However, the government, which attributes part of the delays to the lack of realism of the targets chosen by CEO Draghi, does not appear concerned.

Pnrr goals

Besides Spain and Greece, he was referred to in government circles, Italy is the only EU country that has already requested the third tranche of European funds for Pnrr. Also for the payment of the fourth installment related to the results achieved in June 23, it was added that there should not be any particular problems. Pnrr targets, which will be redefined in agreement with the EU, will not require special checks. Moreover, it is unlikely that the timing of the payments from Brussels could lead to problems in the public budget. To meet spending targets, which remain crucial, Fitto is working on three fronts, Pnrr, the European Cohesion Funds, and the $30 billion National Fund complementing Pnrr. Three communicating vessels: Funding for struggling Pnrr projects could be moved to European funds co-financed from Italy, which has a longer time horizon, freeing up space in Pnrr for new Repower-EU measures.

“procedural” tables

Same with Pnrr’s supplementary fund, which had to follow the same strict rules in execution times, which it turns out is already under review. Meanwhile, due to the accumulated delays, the intermediate deadlines for the procurement procedures and project selection were missed. theThe Ministry of Economy asked all public administrations to update the “procedural” tables, Conservative only the need to ensure compliance with the fiscal schedule (also because the increase in the spending capacity of the Fund’s resources is foreseen by Pnrr itself). Compliance with the fund’s spending program (€3.8 billion in ’23) will in any case be a difficult task, and even here the reprogramming of some interventions seems very likely. According to the accounting report as of March 31, there are still implementation difficulties for at least 9 measures, which have a total value of 7 billion.

supply chain contracts

Innovation agreements (there are 1 billion euros available) have not taken off, with less than a fifth of the subsidies allocated, such as supply chain contracts in the agricultural sector (1.2 billion). In either case, the watch indicates o% of loans granted. On the other hand, 39%, the implementation of interventions in the areas affected by the earthquakes of 2009 and 2016, with most of the measures in favor of companies still under investigation. Programs to renew fleets of buses, trains and ships are also struggling: in the latter case, out of the 800 million available, 440 million are not allocated or, worse, abandoned by authorized companies. On the other hand, the money for rolling stock renewal, They are still stuck waiting for EU approval of state aid. This procedure is very time consuming and, apart from the revision of timetables, has led the government to stop the watch clock from the moment the item is notified to the arrival of the EU signal.