Published: November 29th, 2021,
Last updated: November 29th, 2021
The EU is reportedly looking to mobilise up to €300 billion for its Global Gateway infrastructure initiative in response to China’s Silk Road programme. A period between 2021 and 2027 has been estimated for the disbursement of the funds, Financial Times (FT) reported. According to the report, the 300 billion euros will come from various programs in the EU budget. But the EU also wants to involve the private sector as well as the European Investment Bank and national development banks. It plans to officially present the strategy on Wednesday.