Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
On 8 July 2021, the European Commission approved Cyprus’s Recovery and Resilience Plan, which includes €100 million of EU Recovery and Resilience Facility funding earmarked for the EuroAsia Interconnector, now known as the Great Sea Interconnector. This grant support is channelled via Cyprus’s National Recovery and Resilience Plan to help finance the subsea HVDC link between Israel, Cyprus and Greece, and is later referenced as a €100 million contribution from Cyprus’s plan to the project.