The overall objective of the project is to continue the development of the national monitoring and warning system for hazardous weather phenomena in order to ensure the protection of life and material assets. The project responds to the LIOP thematic objective, Axis 5 “Promoting adaptation to climate change, risk prevention and management”, Specific Objective 5.1 — “Reducing the effects and damage to the population caused by natural phenomena associated with the main risks accentuated by climate change, mainly by floods and coastal erosion”. During the period of operation, the technology proposed through the investment objectives will allow for accurate and real-time predictions. Knowledge of meteorological information and its dissemination in real time will enable policy makers to determine appropriate measures for adaptation to climate change, with positive long-term and environmental impacts. Through the implementation of the project, the following indicators set out in the LIOP will be met: 2S47 — Annual economic damage caused by floods and coastal erosion that can be avoided by promoting prevention and protection measures — EUR 2 854 473/year, representing material damage avoided by forecasts issued early, accurately, using the new equipment (according to the calculation presented in the Cost Benefit Analysis). CO20 — Number of people at risk of flooding whose vulnerability has decreased as a direct consequence of project support — The project will reduce the number of deaths through early and accurate forecasts using new equipment. In order not to overestimate this benefit, it was considered that the project would lead to a decrease in the number of deaths per year (on average) that was monetised and included in the CBA). 2S120 — Number of risks for which prevention and preparedness measures are promoted = 2 (floods and sect). Following the implementation of the project, there will be a number of economic benefits, such as: A. Economic benefits: 1. Material damage avoided through early and accurate forecasts using new equipment The annual value of the result indicator Avoided annual flood damage is EUR 2 854 473. (ACB Section 6.3.1.) 2. The value of human lives saved (VSL) by accurately forecasting extreme weather events was thought to lead to a decrease in the number of deaths per year (on average), which was monetised and included in the economic analysis. The VSL for 2024 should reach EUR 1,381.104 according to existing studies (ACB section 6.3.1). B. Social benefits: 3. Societal benefits from new scientific publications of researchers using new equipment The average annual value is 8