K2 BILLION CHINA TOWN DEVELOPMENT PROGRESSES

The construction of China Town project at 5-Mile in #AmazingPortMoresby has resumed, and progresses are being made to the development.

The project is being funded by Boasen International Holding and other Chinese consortium at a cost of K2 billion.

PNG SUN has observed that steel beams have been planted at the project site with lease marketing billboards.

The work on the project came to a halt for more than three years since its groundbreaking ceremony in April 2019. The work stopped due to Covid-19 pandemic then.

The project, which is expected to be completed next year, will create more than 10,000 jobs and business opportunities for the city residents.

The China Town, when completed, will feature recreational spots, restaurants, retail and wholesale shops, cinema and entertainment centers and office building.

Steven Kenda
Steven Kendahttp://www.thepngsun.com
Mr Steven Kenda holds a Bachelor of Art in Journalism and Public Relations from the University of Papua New Guinea (UPNG).

━ Related News

EU signs strategic projects boosting civil society

The European Union Delegation to Papua New Guinea have signed two important contract agreements in Port Moresby. They are "Strengthening Papua New Guinea Civil Society...

ICAC, Security Commission sign MOU to fight corruption and for transparency

The Independent Commission Against Corruption (ICAC) and the Securities Commission of Papua New Guinea (SCPNG) have signed a Memorandum of Understanding (MoU) to strengthen...

Coca-Cola PNG donates K43,000 to National St John Ambulance Service

Coca-Cola has donated PGK 43,000 to the National St John Ambulance Service, marking the second consecutive year the company has supported the organization during...

2nd Airbus represents renewed hope, greater reliability, and a new chapter for Air Niugini

As public outcry continues over flight cancellations during this peak period, Air Niugini is upbeat about its renewed hope, greater reliability and a new...

Opposition Leader criticizes PNG Investment Week

PNG Parliamentary Opposition Leader, James Nomane, has criticised Prime Minister James Marape’s participation at PNG Investment Week in Sydney, describing the event as “a...