Preliminary draft budget in Brussels: Projects and financing in transport, digital energy



The most ambitious goal of the draft is reflected in the budget estimate for strengthening investments by 30.4% in 2021. This is also the big bet for the Greek government since the goal for a rate of change of real GDP by 7.5% in 2021 depends significantly – if there is a gradual de-escalation of the negative effects of the pandemic – from the implementation of investment planning and from the maximum possible absorption of resources from the Recovery Fund. Next year, Greece expects a doubling of EU funds, compared to 2019, and the increase in investment is mainly due to the strengthening of investments in construction (by 36.5% compared to 2020 and by 48.3% compared to with 2019). This forecast is made under the assumption that the impact of the Recovery Fund on the Greek economy (direct and indirect) will be of the order of 4.8 billion euros. These resources enhance the country’s recovery by adding two percentage points to growth in 2021, raising it from 5.5% (baseline scenario) to 7.5% (final draft forecast). In the unfavorable scenario for the evolution of the pandemic, either in 2020 or in the second quarter of 2021, the growth in the next year will be limited, as a percentage of GDP, to 4.5% to 5%. For the year 2021 the provision is forecast 6.750 million euros, with a distribution of the total cost among the projects to be co-financed by European Union funds, amounting to 6 billion euros and those to be financed exclusively from national resources, amounting to 750 million euros. According to the draft Greek A list of temporary public and private investment plans to promote the economic recovery has been posted by the Greek government on the European Commission’s website. The focus is on investing in green and digital transitions, in particular safe and sustainable transport, clean and efficient energy use, environmental and digital infrastructure, and high-capacity skills. Details of the projects included in the Draft Budgetary Plan. Safe and sustainable transport projects Most of the projects have already been co-financed or will be co-financed through the Operational Program “Transport Infrastructure, Environment and Sustainable Development 2014-2020”. There are a total of 65 transport projects with a total budget of € 4,020 million included in the overall planning of the Operational Programs and corresponding to investments for safe and sustainable transport, as well as clean urban transport. Among them are four major projects with a budget of 980 million euros. Of the already selected transport projects, 40 are either under construction or are about to be awarded next year and will therefore contribute to the 2021 budget with a total amount of € 392 million. These investments concern transport systems, such as upgrading of rail and road networks, interventions to improve transport safety, upgrade airport and port infrastructure, as well as infrastructure for clean urban transport (metro lines in Athens and Thessaloniki). ListProjects for safe and sustainable transport1. The ongoing construction of the Thessaloniki metro, 2. The extension of line 4 of the Athens metro, 3. Electrification of the new section of the railway line “Kiato-Rododafni”, 4. Installation of a modern signaling system and ETCS-Level 1 at the railway section “Thessaloniki-Eidomeni”. The total budget amounts to 980 million euros, co-financed by ESIF (Operational Program “Transport Infrastructure, Environment and Sustainable Development 2014-2020”) B. Clean and efficient energy production and use A total of 689 projects with a budget of 4,055 million euros are included in the overall planning of the OP “Transport Infrastructure, Environment and Sustainable Development 2014-2020” and correspond to investments for clean and efficient production and use of energy, as well as environmental infrastructure. Among them are three major projects with a budget of 380m euros. Of the environmental projects already selected or under evaluation, 543 are either under construction or contracts are to be awarded next year and will therefore contribute to the 2021 budget with a total of € 402 million. These investments include waste management projects (household waste management, including measures for mechanical biological and thermal processes, landfills, etc.), wastewater management projects, water distribution networks, projects to improve the energy efficiency of public buildings. ListProjects for clean and efficient production and use of energy • Integrated waste management of Peloponnese • Sewage and wastewater management networks in the Municipality of Marathon, • Wastewater treatment and management in West Attica. Budget: 380 million euros, co-financed from environment and sustainable development 2014-2020 ») C. Digital infrastructure One of the interventions of the “National Next Generation Broadband Access Plan 2014-2020” for the development of next generation broadband infrastructure, in order to increase the availability of telecommunications services in areas that do not have high and fast Internet access. The aim of the action is to develop an extensive fiber optic network as close as possible to the end user that will provide users with an Internet connection at speeds of 100Mbps or at least 100Mbps – upgradable to gigabit. The total budget of the action amounts to 869 million euros and is funded through the Operational Program “Competitiveness-Entrepreneurship-Innovation 2014-2020”). In terms of digital skills, there are twelve projects with a total budget of 86.5 million euros. and innovationResearch and innovation are enhanced through public-private partnerships. The competitiveness of the economy and the reversal of the “brain drain” is enhanced through the mobilization of the private sector.1. Innovation Area in Attica: creation of an Innovation Region that has been approved as a Public-Private Partnership (PPP) project.2. Establishment of a 4th Generation Technology Park in Thessaloniki3. National register through the “ELEVATE GREECE” platform with the aim of monitoring, promoting and supporting newly established innovative companies4. Incentive tax deduction for investors in start-ups from the National Register5. “Research – Creation – Innovation”, an action derived from the Business Plan 2014-2020 aimed at bridging the gap between industry and academia6. Creating innovation networks7. Establishment of Capacity Centers8. Epidemiological study of Covid-199. Enhanced role of the new National Council for Technology, Research and Innovation10. Introduce legislative reforms regarding Spin-Off companies



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