The status of the project for the upgrade of the Frascati (/ > factory, DA(/>NE, and the proposal for the continuation of the KLOE physics program, are reviewed. In the field of 77 (77') physics, the program includes precision measurements of all of the major branching ratios, the study of the kinematic distributions of hadronic and radiative decays, the measurement of single and double-conversion decays, the improvement of the sensitivity on searches for C and CP-violating channels. Recent KLOE achievements in the field of hadronic physics are also presented.