The European Commission on Friday announced that it has approved the funding of an ultrafast broadband project in Greece worth 223 million euros.
The monies will come from EU funds, that will provide fast internet access to almost 11 million users nationwide.
Over 196 million euros will come from the European Regional Development Fund (ERDF) and 27 million euros from the European Agricultural Fund for Rural Development (EAFRD).
Commissioner for Cohesion and Reforms Elisa Ferreira said that “thanks to this investment, Greek citizens, especially those living in remote areas, will benefit from efficient, modern and ultrafast internet access.”
The Commission’s announcement highlighted how ultrafast broadband will also contribute to direct and indirect job and business creation, benefit consumers’ access to e-commerce services, take advantage of e-Government facilities and also benefit people who work from home.
The ultrafast broadband is expected to be operational as of May 2021.