PNG GETS $6 MILLION GRANT FROM SOUTH KOREA

admin's picture

PORT MORESBY, Papua New Guinea (The National, May 20) - Bilateral ties between South Korea and Papua New Guinea got a boost yesterday when the South Korean government announced a grant of US$6.4 million (K20 million) for the Wewak Storm Water Drainage Project.

South Korea’s Ambassador to PNG, Chang Hyun Yoo, made this announcement when presenting a police vehicle and an ambulance to Foreign Affairs Minister Sir Rabbie Namaliu yesterday.

Mr Yoo said South Korea has involved itself in important projects in PNG of which the major one being the Wewak Storm Water Drainage Project.

He said the first phase of the project costing US$6 million has been completed. The Korean Economic Development Cooperation Fund (EDCF) financed the project.

The project included the installation of 12 main drainages and construction of bridges to mitigate the serious flood damage and to increase the efficiency of land use in Wewak town.

He said the government would be informed when the money was ready for the second phase.

May 21, 2004

The National: www.thenational.com.pg/

Rate this article: 
No votes yet

Add new comment