Government Approves CZK 200 Billion National Recovery Plan

The Czech government on Monday approved a national recovery plan worth 200 billion Czech crowns (9.53 billion U.S. dollars), which largely focuses on infrastructure and green development, Deputy Prime Minister Karel Havlicek said.

The plan will help the country revive and modernize the economy after the COVID-19 crisis, the government said in a press release. Investments are planned in greener modes of transport, healthcare, high-speed internet networks and new pre-school care facilities.

Havlicek, who is also minister of industry, trade and transport, said after Monday’s government meeting that climate-related projects account for 41 percent and digitization for 23 percent of the plan.

The plan will be funded mostly from European Union (EU) grants, which will total 172 billion crowns.

The plan has yet to be approved by the European Commission and the Council of the EU.