2021 ADD 1) of 5 October 2021 on the approval of the assessment of the recovery and resilience plan for Malta - Main contents

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dossier	COM(2023)372 - Amendment of Council Implementing Decision (EU) (ST 11941/2021; ST 11941/2021 ADD 1) of 5 October 2021 on the approval of ...
document	COM(2023)372
date	June 26, 2023

Article 1

Implementing Decision (EU) of 5 October 2021 is amended as follows:

(1) Article 1 is replaced by the following:

“Article 1

The assessment of the modified RRP of Malta on the basis of the criteria provided for in Article 19(3) of Regulation (EU) 2021/241 is approved. The reforms and investment projects under the RRP, the arrangements and timetable for the monitoring and implementation of the RRP, including the relevant milestones and targets, the relevant indicators relating to the fulfilment of the envisaged milestones and targets, and the arrangements for providing full access by the Commission to the underlying relevant data are set out in the Annex to this Decision.”;

(2) In Article 2, paragraphs 1 and 2 are replaced by the following:

“

1. The Union shall make available to Malta a financial contribution in the form of non-repayable support amounting to EUR 328 230 928.⁷ That contribution includes:

1. an amount of EUR 171 064 988 – i.e. the 70% that shall be available to be legally committed by 31 December 2022;

2. an amount of EUR 87 210 913 – i.e. the 30% that shall be available to be legally committed from 1 January 2023 until 31 December 2023;

3. an amount of EUR 29 955 027 ⁸, in accordance with Article 21a(6) of Regulation (EU) 2021/241, exclusively for measures referred to in Article 21c of that Regulation, with the exception of measures referred to in Article 21c (3), point (a);

4. an amount of EUR 40 000 000, transferred from the Brexit Adjustment Reserve to the Facility.

2. The Union financial contribution shall be made available by the Commission to Malta in instalments in accordance with the Annex to this Decision. An amount of EUR 41 132 454 shall be made available as pre-financing in accordance with Article 13 of Regulation (EU) 2021/241.

An amount of EUR 13 991 005 shall be made available as pre-financing in accordance with Article 21d of Regulation (EU) 2021/241. That pre-financing may be disbursed by the Commission in up to two payments.

The pre-financing and instalments may be disbursed by the Commission in one or several tranches. The size of the tranches shall be subject to the availability of funding.”

(3) The Annex is replaced by the text in the Annex to this Decision.

Article 2
Addressee

This Decision is addressed to the Republic of Malta.