Courier Post of Papua New Guinea reported on December 11 that, phase I project of Papua New Guinea Lae Port Tide Pier , which cost 764.8 million keener($320 million) would be completed ahead of schedule. 72% of the funds for the project was provided by Asian Development Bank, and the rest came from Papua New Guinea government. The project was undertaken by China Harbour Engineering Company, and the completion ceremony of the project will be held on December 17th.
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