China will fund Pacific Games stadium in Solomons
27 October 2019
| Sport Business Asia
BEIJING, CHINA - China has stepped in with K250 million to bankroll the construction of the main stadium for the 2023 Pacific Games in Solomon Islands, after Honiara struggled to fund the project.
China is taking over the funding of the stadium from Taiwan, which had previously pledged the funds.
Last month, the Solomon Islands broke diplomatic ties with Taipei, in order to establish relations with China.
The deputy chief of mission at the Chinese embassy in Port Moresby, Yao Ming, said in Honiara that Beijing’s support for the Games would be in the form of grants, not loans, meaning there would be no repayment required.
Solomon Business magazine said the grant was worth K250 million.
Papua New Guinea has also committed around K50 million to infrastructure for the Games.
Indonesia has volunteered to fund the football facilities and the United Arab Emirates is funding the aquatic centre.
Even PNG committed K50m. Lol.
Posted by: David Kitchnoge | 27 October 2019 at 10:21 PM
If 'Big Brother' was black would he look like Prime Minister Sogavare?
Posted by: Philip Fitzpatrick | 27 October 2019 at 08:23 AM