28 C
Port Moresby
July 15, 2020
Business News

China grant PNG K3.3 million for economic and technical cooperation projects

Papua New Guinea and the People’s Republic of China Signed and Exchanged an agreement on Economic and Technical Cooperation for Grant-In-Aid of 10 million RMB (K3.3 million) from the Government of the People’s Republic of China to the Government of Papua New Guinea.

The Acting Secretary for Foreign Affairs and Trade, Ambassador Lucy Bogari, ISO yesterday signed and exchanged the agreement with His Excellency Mr. Qui Bohua, the Ambassador of the People’s Republic of China to Papua New Guinea.

Acting Secretary Bogari acknowledged the assistance and stated that the aid will be used to construct Phase II of the Mt Hagen Agriculture Technical Cooperation Project and purchase material for the Royal Constabulary of PNG.

The Acting Secretary cited that this is not the first time China has given such grant to PNG. Some of the past and on-going projects funded by the Government China to PNG includes the Port Moresby Sport Complex, Usino Yamagi Road, Goroka University (Phase II), Markham National High School, Kandep Wheat Project, the Eastern Highlands Mushroom Project, Wewak Sport Stadium, provision of medical doctors to the Department of Health, and the Papa Lealea Road among others.

Thus, now under construction is the Waigani International Convention Centre Project.

Acting Secretary added that China was amongst the top five of Papua New Guinea’s development partners and that this assistance once again demonstrates the growing and significant level of bilateral relations existing between China and Papua New Guinea.

Caption: Chinese Amb  Mr Qiu Bahua & Amb Lucy Bogari during the Signing Ceremony.

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