PNG govt to borrow money???

[jft310]

O'Neill positioning for imminent NEC approval of Gulf LNG Project By pickboone.17 hours ago.Permalink . See Radio Australia interview just out on justifying the magnitude of the infrastructure loan: O'Neill - "By 2014-15 we will have the first revenue from the LNG and the other major projects we have in the country. They will provide sufficient cash flow that will finance many of these projects. The loan that we are seeking is just a standby arrangement where if we run short we can be able to use that facility to finance the infrastructure development in the country. So the matching process will continue as the government continues to develop the budget over the coming years."

[Bincbanker]

thank you Pickboone and Ken , good stuff

[TxPm]

Is he refering to the several billion dollar loan from China or another loan? I think this is referring to the China loan which we all know they are lendin to get access to PNG's resources just like they have done across the world