Completion and Handover Ceremony for the FY2012 Japanese Loan for Ramu Transmission System Reinforcement Project
On 9 October, Ambassador Mochizuki visited Lae City in Morobe Province and attended the completion and handover ceremony for the “Ramu Transmission System Reinforcement Project,” which was financed by Japan with the amount of 8.34 billion yen (equivalent to 236.7 million kina) following the Exchange of Notes signed in March 2013.
The ceremony was attended by Prime Minister James Marape and Minister for International Trade and Investment Richard Maru, amongst others, representing the Government of Papua New Guinea.
This project includes the installation of additional transmission lines to strengthen the existing power grid and the rehabilitation of substations. This project is expected to enhance the capacity to supply electricity to Lae and the surrounding areas, thereby contributing to the improvement of the living conditions for the people and the revitalization of the country's economy.
