NextGenerationEU: Recovery & Resilience Facility disbursements top €150B

European Commission

Following today's payment of €6 billion to Spain, the Commission has now disbursed over €150 billion to Member States under the Recovery and Resilience Facility (RRF).

This is an important milestone in the implementation of the RRF, the key instrument at the heart of the €800 billion NextGenerationEU recovery plan for Europe. In just over two years of existence, the RRF has been driving transformative reforms and investments across the EU Member States, fast-forwarding the green and digital transitions and increasing the Union's overall resilience.

As the implementation of the RRF continues at full speed, the Commission has today launched an online, interactive map showing projects supported by the RRF and implemented on the ground by Member States. The map will contribute to further increasing transparency on the functioning of the RRF and on its tangible impact for EU citizens, businesses, and civil society.

Towards a comprehensive mapping of RRF projects

The map will be regularly updated as new information becomes available. It allows everyone to take a 'virtual tour' of the implementation of Member States' national recovery and resilience plans.

It provides an overview of selected reforms and investments supported by the RRF:

  • It points to their geographical location in Member States and gives information on their state of play, i.e. a short description of the state of advancement in their implementation, as well as of their related next steps.
  • It provides access to more detailed information on the projects on the country pages of the Recovery and Resilience Facility website, and on other online resources, such as national recovery plans websites and, where available, websites on specific RRF-funded projects.

Under the RRF, Member States receive funding upon the successful completion of pre-agreed milestones and targets, which correspond to different stages in the roll-out of reforms and investments. However, the inclusion of a specific reform or investment on the map does not necessarily imply that the Member State has already received RRF funding related to that project (it may be, e.g., that a Member State has already started implementing a project with national funding). The map is also without prejudice to any future assessment by the Commission on the fulfilment of milestones or targets underlying any given project.

Over 350 RRF projects already included on the map

The map will help users explore over 100 reforms that the Member States have implemented or are implementing as part of their recovery and resilience plans, such as the introduction by Spain of a new tax on single-use plastic packaging, the simplification of the licensing procedures to install renewables in Greece or an anticorruption reform in Croatia. The same is true for the over 250 investments currently included in the map, such as the launch of the procurement procedure for the transport system in Riga (Latvia), the introduction of a flat-rate season ticket to facilitate sustainable public transport in Austria, or the completion of the works for neighbourhood regenerations in Slovenia.

The projects featuring on the map were selected based on their achieved state of implementation. The map complements and builds upon information made publicly available by Member States, who are responsible for the implementation and monitoring of their national recovery and resilience plans. The implementation of the RRF is still ongoing, which means that some projects that will receive RRF funding are yet to be defined. The map does not therefore aim at providing an exhaustive overview of RRF-funded projects.

Next steps

As the implementation of national recovery and resilience plans progresses, and as the Commission acquires new information on the advancement of the projects linked to reforms and investments by Member States, most notably thanks to the information submitted in the context of payment requests, the map will be regularly updated.

The map will also incorporate information on the 100 largest final recipients of RRF funding for each national plan, when this becomes available later this year.

Background

The implementation of the RRF and the efficient delivery on its objectives require a high level of transparency on its functioning and on the concrete use of the RRF funding by Member States.

To ensure transparency, the Commission regularly publishes information on the website dedicated to the Recovery and Resilience Facility and has set up the Recovery and Resilience Scoreboard, providing regularly updated information on the disbursements and progress made by Member States.

The REPowerEU Regulation has further increased transparency by requiring Member States to establish an easy-to-use public portal containing data on the 100 final recipients receiving the highest amount of RRF funding. Member States will be required to update their own portal at least twice a year.

/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.