PNG seek US $ 305.13mn for major road improvement projects
First publishedon www.WorldHighways.com
Powes Parkop, the Governor of National Capital District (NDC) Province in Papua New Guinea (PNG), says US $ 305.13 million (PGK 629mn) is being sought by the provincial government for road improvements.
Of the targeted total, PGK 600mn is earmarked for the 2013 upgrade of several major routes including the Kookabara Street-Sir John Guise Drive flyover, the Erima roundabout, and the Paga Hill ring road. Some of the sum will also be allocated to build a four-lane road to link Bautama with Gerehu in preparation for the 2015 Pacific Games. The remaining PGK 29mn is for upgrades to six city roads to prepare for the royal visit by Camilla, the Duchess of Cornwall, and Prince Charles in November 2012.
Meanwhile, Francis Awesa, the Works Minister of Papua New Guinea (PNG), has disclosed that the government will use a loan of $ 2.91 billion (PGK 6bn) from Exim Bank of China to finance a highway upgrade project. The project will involve short-term and immediate upgrades along the Highlands Highway.