Brussels, July 16 – New funding arrangements for developments at the iconic Pompeii archaeological site could be considered if Italy develops a new plan for its priorities, a European official said Tuesday. "We are ready to consider new funding to Pompeii within the financial framework 2014-2020," Johannes Hahn, the EU commissioner for regional policy, told ANSA. Such assistance would be aimed at supporting Italian cultural heritage and quality tourism, added Hahn. One of the world's most significant architectural sites, Pompeii has been faced with numerous challenges in recent years. The Italian government is struggling to meet security requirements to maintain Pompeii's designation on UNESCO's World Heritage list. Other plans for the revamping and preservation of the ancient archaeological site are in the works, funded by an injection of 105 million euros in restoration money. A parallel project involving private investors and businesses to develop areas surrounding the archeological site is also planned.