{"id":453296,"date":"2021-12-02T08:44:35","date_gmt":"2021-12-02T03:14:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=453296"},"modified":"2021-12-02T09:48:09","modified_gmt":"2021-12-02T04:18:09","slug":"european-union-unveils-340-billion-infra-spend-to-rival-china","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/european-union-unveils-340-billion-infra-spend-to-rival-china\/","title":{"rendered":"European Union unveils $340 billion infra spend to rival China"},"content":{"rendered":"<p>The European Union will seek to mobilise 300 billion euros ($340 billion) in public and private infrastructure investments by 2027 to offer developing countries an alternative to China\u2019s massive Belt and Road program.<\/p>\n<p>The EU\u2019s \u201cGlobal Gateway\u201d project unveiled on Wednesday outlines spending on digital, transport, energy and health projects. And while the proposal doesn\u2019t mention China directly, it offers a counter to Beijing\u2019s overseas development plan that critics say has pushed countries to unsustainable levels of indebtedness. \u201cThe EU will offer its financing under fair and favorable terms in order to limit the risk of debt distress,\u201d according to a statement from the European Commission.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Union will seek to mobilise 300 billion euros ($340 billion) in public and private infrastructure investments by 2027 to offer developing countries an alternative to China\u2019s massive Belt and Road program. The EU\u2019s \u201cGlobal Gateway\u201d project unveiled on Wednesday outlines spending on digital, transport, energy and health projects. And while the proposal doesn\u2019t mention China directly, it offers a counter to Beijing\u2019s overseas development plan that critics say has pushed countries to unsustainable levels of indebtedness. \u201cThe EU will offer its financing under fair and favorable terms in order to limit the risk of debt distress,\u201d according to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-453296","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/453296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=453296"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/453296\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=453296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=453296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=453296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}