EU to mobilise RM47bil for Asean investments


FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, September 28, 2022. REUTERS/Yves Herman

PETALING JAYA: In commemorating the celebration of 45 years of cooperation between the European Union (EU) and Asean, the EU and its member states has announced a mobilisation of €10bil (US$10.59bil or RM47.04bil) as part of the Global Gateway to accelerate infrastructure investments in Asean countries.

This package will focus on the green transition and sustainable connectivity in South-East Asia, underpinned by two Team Europe Initiatives, namely, the Sustainable Connectivity Initiative and the Green Team Europe Initiative.

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