K30m to be released: ToBaining

National

EAST New Britain Governor Ereman ToBaining Jr says K30 million from the K55 million Sovereign Community Infrastructure Treasury Bill will soon be released to the province.
He said the provincial executive council decided at a recent meeting that the K30 million would be shared by the districts – except Kokopo – with K10 million each.
He said the remaining K25 million will be used for the Kokopo city development.
ToBaining said most of the funds would go towards road development. The K55 million is the balance of the K125 million Sovereign Community Infrastructure Treasury Bill obtained under the Public Finance Management Act.

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