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International relations

EU crafts Asia infrastructure plan as Belt and Road makes inroads

China cautiously welcomes proposal that may rival Beijing's ambitions in Europe

JAKARTA -- While European Union leaders were in the middle of another round of Brexit talks in Salzburg this week, the European Commission was pitching a plan to boost Europe's infrastructure links with Asia.

The commission, a key EU decision-making body, estimates that Asia needs 1.3 trillion euros ($1.5 trillion) a year in infrastructure spending over the next few decades. European infrastructure upgrades will cost a projected 1.5 trillion euros between 2021 and 2030, it said.

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