21 Sep 2012

PNG Government makes major commitment to Bougainville

8:32 am on 21 September 2012

The Papua New Guinea Prime Minister, Peter O'Neill, is assuring the people of Bougainville that his administration is ready to help the autonomous provincial government achieves its development aims over the next five years.

He says he gave the ABG a cheque for 100 million kina, or nearly 48 million US dollars, this week.

Mr O'Neill says this is the first component of a quarter of a billion US dollars in support to be paid over the next 5 years.

He says it is additional support for key development projects that will enable Bougainville people to recover from the crisis.

Mr O'Neill says it will also help Bougainville grow its economy swiftly so it can successfully implement the autonomous arrangements entered into under the Peace Agreement.

Last week veterans of the civil war presented a petition to the ABG complaining at the lack of progress achieved under the Peace Agreement.