In response to China's “New Silk Road”, the G-7 countries adopted a global infrastructure plan to support poorer countries at their summit in Cornwall.

The White House announced on Saturday that interested countries should be offered a “value-oriented” and transparent partnership.

The G-7 countries are thus creating an alternative to China's “Belt and Road Initiative”, the so-called “New Silk Road”.

According to the White House, the G-7 countries were discussing “strategic competition with China” at their summit in Carbis Bay in order to take concrete steps to help low and middle income countries with their daunting infrastructure challenges.

The global infrastructure project was decided upon.

It is estimated that there is a $ 40 trillion gap in infrastructure needed in parts of the world, which the pandemic has exacerbated, it was highlighted.

The initiative, called “Build Back Better World” (B3W) by the American side, is to be included in the final communiqué, which will be adopted at the end of the three-day summit on Sunday.

However, clear financial commitments have not yet been made. As one American official said, the United States, with G-7 partners, the private sector and other stakeholders, “soon” wants to collectively mobilize hundreds of billions for infrastructure investments in low- and middle-income countries. The implementation should take place “in a transparent and sustainable way - financially, environmentally friendly and socially”, it said.

"It's not about countries having to choose between us and China," the official said.

Rather, "a positive, alternative vision" should be offered that countries could choose.

It stands in "stark contrast to the way some other countries deal with the efforts to infrastructure".

He accused Beijing of a "lack of transparency, poor environmental and labor standards" and an approach that left many countries in worse shape in the end.

Beijing's influence has grown in some countries in recent years through loans and projects under the “New Silk Road” initiative.

The project sparked concern among regional powers and especially among Western nations.

China, with the initiative of a number of countries, helped build or develop roads, railways, dams and ports.