11-15-2012, 10:32 PM
it says "nope, no details on how the govt is going to pay for it"
I do wonder how they will ...knowing we just got that bad PNGLNG message...:
"Other signals from the government will continue to cause foreign observers to be wary of future developments.
One of the interesting signals from the forthcoming budget will be whether O’Neill and his treasurer, Don Poyle, are seeing eye-to-eye in terms of budget strategy and planning. Then again, Finance Minister James Marape has been sending out his own signals.
O’Neill seems to be a man in a hurry, a little like his early-1990s predecessor, who wanted to push the pace of development on the basis of a perceived resources boom. Instead, it brought on an era that saw the collapse of the kina and intervention from the World Bank and International Monetary Fund.
One of the most sobering pieces of news for O’Neill to contend with is the big cost blowout for the PNG LNG Project, now estimated at US$19 billion rather than US$15.7 billion. The increase could well reduce the early dividends for government equity and impact on corporate tax revenues."
SO maybe with early IOC/ewc cash flow it can be done...the question remains if this governement is willing to risk 3 Bill for our project..instead of putting it into the people's mouths..
I do wonder how they will ...knowing we just got that bad PNGLNG message...:
"Other signals from the government will continue to cause foreign observers to be wary of future developments.
One of the interesting signals from the forthcoming budget will be whether O’Neill and his treasurer, Don Poyle, are seeing eye-to-eye in terms of budget strategy and planning. Then again, Finance Minister James Marape has been sending out his own signals.
O’Neill seems to be a man in a hurry, a little like his early-1990s predecessor, who wanted to push the pace of development on the basis of a perceived resources boom. Instead, it brought on an era that saw the collapse of the kina and intervention from the World Bank and International Monetary Fund.
One of the most sobering pieces of news for O’Neill to contend with is the big cost blowout for the PNG LNG Project, now estimated at US$19 billion rather than US$15.7 billion. The increase could well reduce the early dividends for government equity and impact on corporate tax revenues."
SO maybe with early IOC/ewc cash flow it can be done...the question remains if this governement is willing to risk 3 Bill for our project..instead of putting it into the people's mouths..