EU approves €447 million fund to assist Italy in combating severe weather
Financing to support flood prevention and water management
Brussels, 18 January 2023 - The European Commission has approved a €447 million fund to aid Italy in enhancing its flood prevention and water management systems. The funding will be used to finance a variety of projects, including the construction of new flood defenses, the improvement of existing ones, and the implementation of early warning systems.
Investment in climate resilience
The funding is part of the European Union's broader efforts to support its member states in adapting to the impacts of climate change. In recent years, Italy has been hit by a number of severe weather events, including floods, droughts, and heat waves. The new funding will help the country to better prepare for and respond to these events.
Projects to benefit multiple regions
The projects that will be funded by the €447 million fund are located in a number of different regions of Italy. Some of the most significant projects include:
- The construction of a new flood defense system in the Veneto region, which will protect the city of Venice from flooding.
- The improvement of existing flood defenses in the Lombardy region, which will help to protect the city of Milan from flooding.
- The implementation of an early warning system in the Tuscany region, which will help to provide residents with advance warning of impending floods.
Support for Italy's recovery
The €447 million fund is a significant investment in Italy's recovery from the recent severe weather events. The funding will help the country to build back better and to better prepare for future events.
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