The Great Pompeii Project will be funded by the European Commission and cost €105 million. Approximately €85 million will be spent on the restoration/conservation of the site.
In addition, the influx of European Union money is hoped to help stimulate the economy in an economically depressed area (unemployment rate is nearly 17 %, while youth unemployment in 2011 was 37 %). Italian Prime Minister Mario Monti declared that they "...hope to trigger a process that will assist the local youth who don’t have jobs, but before that happens, Pompeii must remain standing...”.
An 'anti Camorra Watchdog' has been appointed. “Experience has taught us that subcontracts and construction works in particular are areas that attract the interest of organized crime”, said the Italian Interior Ministry official.
Read more on the NYT (article by Elisabetta Povoledo)