Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
In 2023, the European Investment Bank and Greece’s Independent Power Transmission Operator (IPTO) signed a €108 million long-term loan agreement using Recovery and Resilience Facility (RRF) funds to co-finance construction of the fourth phase of the Cyclades interconnection, including the Thira (Santorini)–Naxos link, complementing an earlier €157 million EIB own-resources loan for the same €524 million project.