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

PNG Police strengthens digital policing strategy amid rising cyber threats

The Royal Papua New Guinea Constabulary (RPNGC) says it is strengthening its role in Papua New Guinea’s digital transformation by expanding cyber security capabilities...

From tobacco gardens to success: Young villager inspires PNG youth through hard work

Traditional tobacco farming has transformed the life of young Western Highlands farmer Ismael John, whose six years of hard work in the village has...

Government’s lease-to-own vision set to save state K450 million annually

Prime Minister James Marape has defended the government’s decision to relocate the Office of the Prime Minister and the National Executive Council (NEC) to...

Digicel PNG and Puma Energy launch cashless fuel payment service

Digicel PNG has partnered with Puma Energy to introduce a new cashless payment option for fuel through the CellMoni mobile wallet. The new service, called...

PM Marape assures Nation of thorough investigation into Defense Force issues

Prime Minister, James Marape has assured Parliament that investigations into allegations surrounding recruitment irregularities and related incidents within the Papua New Guinea Defense Force...