Multi-billion kina deal signed to strengthen PNG and China relations

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Post-Courier | 21 November 2017

Multi-billion kina deal signed to strengthen PNG and China relations
 
BY GORETHY KENNETH
 
China and Papua New Guinea yesterday signed three multibillion kina projects ,worth about US$5 billion, to signify a more knitted relationship between the two countries.
 
One of the projects is to upgrade 10 roads in PNG worth K11.5bn (US$3.5 billion), covers Ramu Highway, (Watarais to Madang), Gulf to Southern Highlands, Sepik Coastal Highway, Wau to Bulolo, Magi Highway, Hoskins to Kimbe, Madang to Baiyer, Bougainville Road, Tari to Pori and Mendi to Tari
 
This is a total of 1600km of roads. When finished, they will connect the whole country.
 
The other two projects include two duty-free integrated agriculture industrial parks: one in Eastern Highlands Province the size of more than 150 hectares and the other, of 130ha, in Western Highlands Province.
 
The total investment is about K990 million (US$330 million).
 
The third is the Goroka water supply worth K96 million (US$32 million).
 
Prime Minister Peter O’Neill said this signifies the recent major agenda Chinese President Xi Jinping unveiled at the recent APEC Summit in Vietnam. These projects will be built by China Railway Group of Companies.
 
Western Highlands Governor Paias Wingti, administrator Joseph Neng, Eastern Highlands Governor Peter Numu, administrator Samson Akunaii, Agriculture Minister Benny Allan, Works Minister Michael Nali, and Works Secretary David Wereh signed on behalf of the government with China Railway Group Limited president Zhang Zongyan, China Railway Construction Engineering president Bi Yanchun and witnessed by Chinese Ambassador Xue Bing.
 
The first project – the PNG-China integrated agriculture industrial park in Eastern Highlands and Western Highlands–will be a demonstration park for mushrooms, dry-land rice, other economic, crop planting, animal livestock breeding, deep processing of agriculture and animal products. An international trading, scientific and technological research base and training centre will help promote the modernisation of PNG livestock and explore a new development path towards high production, efficiency and quality.
 
The high-priority economic road project plans to upgrade the 10 roads that will link and connect the whole of PNG.
 
The final project would be the US$32 million Goroka town water supply project for the whole of Eastern Highlands Province.
Original source: Post-Courier
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