The US has a new plan to counter China’s Belt and Road Initiative. Will it go the way of the others?

A newly announced US-led infrastructure project with India, Europe and the Middle East will energise economic development through improved connectivity and integration between Asia, the Persian Gulf and Europe, according to its proponents.

The ambitious plans bear a strong similarity to China’s bigger Belt and Road Initiative, and if completed, would be seen as a challenge to the Chinese strategy.

The highlight of the project – which did not refer to China directly – is a rail and shipping corridor that would connect India with Saudi Arabia, the United Arab Emirates and ultimately the European Union, to enable greater trade among the countries, including in energy and digital products.

It was announced at this month’s Group of 20 Summit, which the Chinese and Russian presidents did not attend.

“It’s a big deal. It’s a really big deal. This project will contribute to making the Middle East a more prosperous, stable and integrated region,” US President Joe Biden said.