02-11-2013, 11:59 PM
by pickboone.Feb 11, 2013 6:58 AM.Permalink
From PNG Industry News article titled "PNG's political guru" out last night - looks like PNG's K6 billion loan from the Export-Import Bank of China was largely to fund the country's pro rata cost of the infrastructure expenses associated with InterOil's project. The positive indications keep flooding in lately.
“A good example of this is the K6 billion Export-Import Bank of China bank loan,” he said.. It is believed some of the Chinese funds will be used for PNG government spending in the InterOil-led Gulf LNG project, partly because the government generally says the Chinese funds are for “infrastructure”.