GLOBAL GATEWAY PLAN
- The European Commission, unveiled a plan to invest €300 billion globally in infrastructure, digital and climate projects by 2027.
- The decision has been taken by the European Commission’s new European strategy to boost smart, clean and secure links in digital, energy and transport, as per the press release.
- The plan, called Global Gateway, aims to bolster health, education and research systems across the world.
- The goal of Global Gateway is to mobilise up to €300 billion in investments between 2021 and 2027 to underpin a global recovery.
- lobal Gateway projects will be developed and delivered through Team Europe Initiatives.
- The EU institutions, member States, and European financial institutions will work together with European businesses, governments, civil society and the private sector in partner countries.
- Global Gateway is about increasing investments and promoting democratic values & high standards.
- In addition, Global Gateway aims to have “good governance and transparency, equal partnerships, green and clean, secure infrastructures and that catalyse private sector investment”.