China Inc to fund highway overhaul

WORKS and Transport Minister Francis Awesa has revealed that the Papua New Guinea government is pursuing a vast amount of Chinese financing at low interest rates to develop transport infrastructure – including a major overhaul of the Highlands Highway.
China Inc to fund highway overhaul China Inc to fund highway overhaul China Inc to fund highway overhaul China Inc to fund highway overhaul China Inc to fund highway overhaul

Awesa was interviewed this week by the ABC's Radio Australia and he reportedly flagged that the PNG government is seeking $A5 billion (11.25 billion kina) of funding just for the troubled Highlands Highway.

Awesa will reportedly lead a delegation to China soon to negotiate this financing.

If his mission is successful, redevelopment of the highway alone could significantly improve conditions and logistics for a variety of business and trade interests in PNG, including the PNG LNG project.

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