They have quite big plans, but almost 14. Million € on hand. I hope they manage to achieve their goal.
We produce for the first time high-resolution multi-colour movies with the EHT combined with new telescopes probing the variable extremes of the electromagnetic spectrum (e.g. CTA, MeerKAT/SKA1). The data are analysed and interpreted with innovative models finally combining micro- and macrophysics. The PIs bring together complementary expertise over the entire black hole mass scale in radio imaging and multi-wavelength monitoring, astroparticle physics, and theoretical modelling to bear on the problem. This is accompanied by four major investments: construction of a new mm-wave telescope in Africa enabling full dynamical imaging of black holes with the EHT, new model development, supercomputing hardware, and a vibrant team of young scientists to help develop a new, truly universal black hole paradigm.
I find it fascinating that so much of astronomy is having data and trying to make educated guesses about what that data could maybe indicate. It shows just how much more there is to find out, realy.