Latest Chinese Investments in the South Pacific Area

Abstract

Since 2012, China has made investments in Papua New Guinea (“PNG”), including Rim Nickel Mine, Laicheng Port Project, International Conference Center and Highland Highway Project In particular, the Agreement on Construction of Infrastructure, concluded between China and PNG on November 20, 2017, launched the highlands economic corridor development program, with USD 330 million from China for roads, agricultural parks, and other infrastructure. In June 2018, PNG and China signed a memorandum on the construction under the framework of the “Belt and Road” initiative. The Chinese government began to build a public road and repair the airport expressway in PNG in June 2018. The PNG National Power Grid Power Transmission and Transformation Project, the first energy cooperation project between China and PNG, was initiated Latest Chinese Investments in the South Pacific Area