EU to allocate €12 billion for economic development of Central Asian countries

TheCyprus


Samarkand, Uzbekistan, April 5. The European
Union plans to allocate €12 billion for the development of the
economies of Central Asian countries, European Commission President
Ursula von der Leyen said at the Central Asia-European Union
summit, Trend
reports.

“Today I am proud to announce a Global Gateway Investment
Package worth EUR 12 billion. It will bring together investments
from our Union and Member States. We call it a Team Europe
approach. And it will launch a new pipeline of projects to Central
Asia. This is truly the start of a new era in our ancient
friendship,” she said.

According to her, these funds will be used to develop
infrastructure, transport corridors and green energy.




The President of the European Commission noted that the funding
will cover projects in the areas of transport, logistics, energy
modernization and digitalization.

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