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Government takes decision regarding the use of loans from the Recovery and Resilience Facility

The Government has approved an indicative list of areas for additional loans under the Recovery and Resilience Facility.

Slovenia has been awarded EUR 3.2 billion in loans under the Recover and Resilience Facility. When the Recovery and Resilience Plan (RRP) was approved in July 2021, Slovenia notified the European Commission of its need for EUR 705 million in loans for various investments. If the European Commission approves all additionally requested loans, a maximum of EUR 1.3 billion will be available in loans for investments under the RRP.

 The Government will apply for additional loans for investment in the following areas:

  • reducing flood risks and reducing the risk related to other climate-related disasters,
  • sustainable renovation of buildings,
  • increasing railway structure capacities.

The Government authorised the Office of the Republic of Slovenia for Recovery and Resilience to submit an application for additional loans to the European Commission by 31 August 2023. Due to exceptional circumstances and as agreed with the European Commission, Slovenia’s application will be for the highest possible amount and will include an indicative list of areas to be financed with the loans concerned. In the coming months, the Government will informally coordinate the content of the proposed areas with the European Commission and draft an amended RRP to include the additional reforms, milestones and targets required to use the funds concerned.

The final amount of loans will be approved by the end of this year and could be lower than applied for.