MARSHALLS MISSING OUT ON AVAILABLE GRANTS

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Businessman cites inaction by government

WELLINGTON, New Zealand (Radio New Zealand International, Mar. 1, 2009) – A leading businessman in the Marshall Islands says the government is losing tens of millions of dollars in donor grants through inaction.

Jerry Kramer, the chief executive of the country’s biggest construction company, Pacific International, says the Marshall Islands is eligible for US$6 million to US$10 million dollars from Japan annually for infrastructure projects.

But he says there hasn’t been a project in five years.

He told the Marshall Islands Chamber of Commerce a simple law change could bring in 30 to 40 million dollars from the United States for construction work and jobs.

 

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