September 9, 2023
President von der Leyen marks the EU’s commitment to the Partnership for Global Infrastructure and Investment (PGII) during the event hosted at the G20 in New Delhi
President von der Leyen spoke today at the G20 event on PGII hosted by Prime Minister Modi and President Biden. (statement soon available here)
She emphasised the EU’s key contribution to two new flagship PGII projects:
The India – Middle East – Europe Economic Corridor, launched during the event. An agreement formalising this project was signed by the EU, the United States, India, Saudi Arabia and the United Arab Emirates (UAE).
The Corridor will link the three regions through state-of-the-art connectivity infrastructure, helping to bring the economic relationship between them to a new level and providing improved access to goods, energy and data to citizens and businesses.
The Trans-African Corridor will enhance the transport connections between the Katanga region of the Democratic Republic of Congo (DRC) and the so-called “Copper Belt” in Zambia, to the Lobito port in Angola. The EU is joining forces with the US to promote this Corridor (see separate joint statement by the EU and the US).
The EU is a key actor in PGII through its flagship Global Gateway programme. Global Gateway will activate EUR 300 billion of investments in critical connectivity projects during the period 2021-2027, half of which is destined for Africa.