COOKS SIGN $10.2 MILLION LOAN FROM CHINA

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WELLINGTON, New Zealand (Radio New Zealand International, Feb.15, 2008) – The Cook Islands government has signed a US$10.2 million loan with China, a majority of which will be used to assist the country with the hosting of the 2009 Pacific Mini Games.

The money will help build a multi-purpose indoor sports stadium and see repairs and upgrades of existing sports facilities and amenities.

The formal signing was between the Finance Minister Sir Terepai Maote and the Second Secretary of the Chinese Embassy and other officials.

No date has been set for the construction of the stadium.

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