Loan contracts for RRF projects reach Greek Parliament

Alternate Finance Minister Thodoros Skylakakis tabled data on 41 loan contracts relating to the Recovery and Resilience Fund (RRF) in Parliament on Tuesday, part of the “Greece 2.0” national recovery plan.

Contracts will be initially reviewed by the Parliament’s Standing Committee on Economic Affairs before heading to the plenary.

The loan contracts are part of RRF projects worth 1.8 billion euros in total that must be implemented by the end of 2026 at the latest.

Of the €1.8 billion, €824.4 million concerns RRF loans, €549.4 million comes from commercial banks, and the remaining €439 million is investor capital.

The average interest rate of the above loans, all of which were signed by October 31, is 1.1%, and the average repayment time is 11 years.

Most of the investment plans (43%) in the contract stage fall under Greece 2.0’s main category, Green Transition.

The remainder (57%) belong to the other main categories of Extroversion, Digital Transformation, and Innovation, Research & Development.

Some of the plans relate to more than one category.

So far, a total of 210 investment projects have been tabled for the Greece 2.0 plan, and they are in various processing stages.

Their total budget comes to €8.22 billion: €3.48 billion is RRF loans, €2.74 billion is bank funds and €2 billion is investor capital.