EU invests in major growth-enabling infrastructure in Greece

On the 24 March 2017 the European Commission announced that over €1.3 billion of Cohesion Policy funds will be invested in ten broadband, transport and environmental projects in Greece. Almost €51 million will be spent for broadband rollout in the country, €377 million for urban public transport systems in Athens and the region of Attica, over €730 million for the extension of the metro in Thessaloniki, in Central Macedonia, almost €50 million for sustainable mobility in the Peloponnese peninsula, in the South of Greece, €38 million for better collection and treatment of waste in the region of Attica and €92 million for better connectivity in the North of Greece.

Over the 2014-2020 financial period, Greece will receive €35 billion of EU funds, including €20 billion from the European Structural and Investment Funds and €15 billion from Agricultural Funds. Greece benefited from an exceptional frontloading of resources under Cohesion Policy programmes, to help kick-start the selection and implementation of projects on the ground, including the second phases of major projects.

• Primary Source

ESO: Background information: A new start for jobs and growth in Greece: Commission mobilises more than €35 billion from the EU budget http://www.europeansources.info/record/press-release-a-new-start-for-jobs-and-growth-in-greece-commission-mobilises-more-than-e35-billion-from-the-eu-budget/

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