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

Fraud Squad cracks K2.1 million corporate scam – key suspect arrested

PNG Police have arrested and charged a former employee of a finance company over a coordinated internal fraud scheme that is alleged to have...

PM Marape commends Lihir Gold for strong Tax contribution, urges responsible use of Public Funds

Prime Minister, James Marape has commended Lihir Gold Limited for its substantial tax contribution to the National Government, describing it as a strong reflection...

PM Marape visits Energy Giants of China with proposal for PNG to become energy supplier, manufacturing base

On the final day of his working visit to China, PNG Prime Minister, James Marape visited energy giants Shenzhen Energy and BYD to explore...

PM Marape welcomes scrutiny, orders full review of Defense transaction while rejecting premature conclusions

Prime Minister, James Marape has welcomed public scrutiny surrounding the reported K20 million defense transaction, while cautioning against premature and misleading conclusions drawn without...

PNGDF K20m investment sparks money laundering fears amid FATF Grey Listing: Opposition MPs

The Parliamentary opposition team has intensified allegations of potential money laundering following the Papua New Guinea Defense Force’s (PNGDF) decision to invest K20 million...