Structural Funds in Spain
Wednesday 23 May 2012
Regional Policy Commissioner Johannes Hahn announced, on 21 May, an agreement with Spanish Finance Minister Cristobal Montoro to speed up payments for the closure of projects part-funded by the EU Structural Funds. The agreement will result in faster payments to beneficiaries of transport and environment projects co-financed by the Cohesion Fund out of the budget for 2000-2006. The projects, which have already been completed, were co-financed in the amount of €939 million. While in Madrid, the commissioner also discussed the reprogramming of funds not used during the 2007-2014 programming period to finance projects in line with the ‘Europe 2020’ strategy for growth and jobs.