Agiru: No secret deal

National, Normal

The National, Tuesday 29th November 2011

SOUTHERN Highlands Governor Anderson Agiru said government ministers, including Prime Minister Peter O’Neill, were part and parcel of the lucrative PNG LNG project deal.
A disappointed Agiru, who was not given the opportunity to contribute to the debate on the controversial K900 million downfall of the IPIC loan of A$1.6 billion in parliament, said members of parliament should not pass the buck.
He said the deal was not done in secrecy as O’Neill and the government were claiming.
He said the government locked in for 30% equity in the project without any balance sheet but they had to secure the loan from Abu Dhabi to finance the equity.
He said K900 million was nothing compared to the windfall the country would be enjoying.