27 Jul 2026
Major revamp of Greece’s recovery plan leaves several projects behind
European commission approves changes to Greece's Recovery Fund Plan, redirecting resources to energy, AI and infrastructure.
- RE+D Magazine
The European Commission has approved the revision of Greece's Recovery and Resilience Plan, paving the way for the reallocation of funding to new projects and the adjustment of dozens of investments that were deemed unlikely to be completed within the Recovery and Resilience Facility's tight deadlines.
The Commission’s proposal, submitted on 23 July, marks the next step before final approval by the Council of the European Union.
Greece submitted its request for the revision on 8 May 2026, citing objective implementation challenges affecting part of the programme. According to the European Commission, the changes cover a total of 111 measures, reflecting delays recorded in recent years as well as the need to adapt investments to evolving economic and technological conditions.
Among the most significant changes is the permanent cancellation of the Western Attica Suburban Railway upgrade, which has been deemed unfeasible due to unforeseen technical challenges. At the same time, dozens of projects are being revised because of delays in public procurement procedures, lower-than-expected demand, or technical difficulties. The amendments affect, among others, initiatives related to residential energy-efficiency upgrades, the digitalisation of the tax administration, healthcare infrastructure, tourism, vocational education and training, the Northern Road Axis of Crete (BOAK), regional ports, railway infrastructure, and the digital transformation of the public sector.
The revision is not limited to project cancellations or timetable adjustments. Funding released from revised projects will be redirected to new investments aimed at strengthening Greece’s electricity transmission network through IPTO (Independent Power Transmission Operator), as well as supporting the country’s participation in the EuroHPC AI Gigafactory initiative, which focuses on developing high-performance computing and artificial intelligence infrastructure across Europe.
In addition, funding has been increased for ten other projects, including the “Upgrade My Home” programme, urban planning schemes, the restoration of infrastructure damaged by storms Daniel and Elias, the E65 motorway, and investments in civil protection and public health.
Despite the extensive amendments, the European Commission considers that Greece’s Recovery and Resilience Plan continues to meet the Facility’s core objectives. Green investments still account for 39.8% of the total budget, exceeding the EU minimum requirement, while digital transformation measures represent 25.2% of the overall plan. The Commission notes that the revised programme continues to support the energy transition, the digitalisation of the economy, and the strengthening of Greece’s competitiveness.
From a financing perspective, the overall amount of EU funding allocated to Greece remains unchanged. Grants remain at €18.22 billion, while Recovery and Resilience Facility loans remain at €17.73 billion, bringing the total financial package to more than €36 billion.