Not all is rosy for Chinese projects in Papua New GuineaChina | 16 Nov 2018 3:43 pm
Some high-profile Chinese projects in Papua New Guinea have already run into problems.
A promised fish cannery has not materialized after several years and expansion of a port in Lae, the major commercial center, was botched and required significant rectification work.
Two of the Chinese state companies working in the country, including the company responsible for the port expansion, were until recently blacklisted from World Bank-financed projects because of fraud or corruption.
A newspaper column by Chinese President Xi Jinping asserted China is the biggest foreign investor in Papua New Guinea, a statement more aspirational than actual.
Its involvement is currently dwarfed by the investment of a single company_ ExxonMobil's US$19 billion natural gas extraction and processing facility.-AP