Monday 4th July, 2011 |
ABG pins hopes on 7 deals
BOUGAINVILLE has high hopes the seven Memorandum of Understandings (MOU) signed in China would help the region prepare for its economic prosperity and fiscal self- reliance.
And the ABG is also optimistic these MOUs signed with multi-billion business houses of China will enhance and help Bougainville prosper through to referendum and economic independence.
ABG vice President Patrick Nisira said this in his address to ex-combatants during their meeting and preparation to move into Konnou and Sininai to sort out the law and order situation in south Bougainville.
“The Government of China, the various Chambers of Commerce in China and the businesses that have prudent records in China have signed seven MOUs with us,” he said.
“The Chinese are ready and willing to invest huge amounts of money in Bougainville, not only for their benefit, but also for us in Bougainville. Their government is aware of the situation we are placed in. China has also experienced the pains that we have gone through – maybe worse. They are genuine. They understand fully well the ABG’s policy in the “no standalone” business in Bougainville. All foreign investments in the region must be through partnership with Bougainvilleans.
“The first investment opportunity that is on offer is the declaration of the Kokopau township into a special economic zone which in turn will deliver a new multi-billion dollar “harmonious town”.
“This is the arrangement that ABG has gainfully engaged in besides talking to other potential investors, both within PNG and abroad.
“We do not have the luxury of time, as I have often quoted, we only have four years to 2015 and nine years to 2020. We must provide the environment that would be conducive for change. We cannot forever sit back and accept the way things are. We need change, change for the better welfare of our families and our future generation and we have to create change now,” Mr Nisiria said.
And the ABG is also optimistic these MOUs signed with multi-billion business houses of China will enhance and help Bougainville prosper through to referendum and economic independence.
ABG vice President Patrick Nisira said this in his address to ex-combatants during their meeting and preparation to move into Konnou and Sininai to sort out the law and order situation in south Bougainville.
“The Government of China, the various Chambers of Commerce in China and the businesses that have prudent records in China have signed seven MOUs with us,” he said.
“The Chinese are ready and willing to invest huge amounts of money in Bougainville, not only for their benefit, but also for us in Bougainville. Their government is aware of the situation we are placed in. China has also experienced the pains that we have gone through – maybe worse. They are genuine. They understand fully well the ABG’s policy in the “no standalone” business in Bougainville. All foreign investments in the region must be through partnership with Bougainvilleans.
“The first investment opportunity that is on offer is the declaration of the Kokopau township into a special economic zone which in turn will deliver a new multi-billion dollar “harmonious town”.
“This is the arrangement that ABG has gainfully engaged in besides talking to other potential investors, both within PNG and abroad.
“We do not have the luxury of time, as I have often quoted, we only have four years to 2015 and nine years to 2020. We must provide the environment that would be conducive for change. We cannot forever sit back and accept the way things are. We need change, change for the better welfare of our families and our future generation and we have to create change now,” Mr Nisiria said.
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We need Change.
ReplyDeleteIt is good that Mr Nisiria is insisting on having change. Why not, Bougainville has been dragged through a civil unrest while the rest of the country moved forward.They have suffered alot in the areas of basic services and are slowly recovering from it.What they have now is a window of opportunity to excel or leap jump in terms of development when compared to Port Moresby.
China has been one of the major partners in PNG's development, nothing can be said about that. Their presence has been growing from strength to strength year by year and this 7 deals they came up with Bougainville, is just another indicator that they are genuine and serious to stay.
Their are own growth is phenomenal such that they need to to sustain themselves and one way to do so is to create such deals and go into business elsewhere to satisfy their need for production and export.
All in all, this is an opportune time for Bougainville and they must show that they have grabbed it with both hands, otherwise, it would be sad to see such opportunity become a waste.
Go Buka, go for Gold !!!