PAPUA New Guinea will be liable to repay the Chinese Metallurgical Construction Company (MCC) and its partners if the Ramu nickel/cobalt project does not proceed as scheduled.
Prime Minister Sir Michael Somare said yesterday that the Ramu project was important for Papua New Guinea and if it did not move forward, the country’s reputation as an investment destination would be at stake.
He also said that Parliament passed the law on environment to ensure that the project proceeded while the courts dealt with the opposition by non-government organisations on the deep sea tailings.
He said he got advice from all legal experts including the Chief Secretary to Government Manasupe Zurenuoc and Attorney General Ano Pala. The Government even got advice from a Scottish firm that advised that the deep sea tailings would not have any impact on the marine environment.
The Ramu project is being developed at a cost of $US800 million (K2.4 ...