Publish evidence of PMIZ funds usage

IT will be interesting if the acting managing director for National Fisheries Authority (NFA) could publish evidences of all Pacific Marine Industrial Zone (PMIZ) funding sources and drawdowns since the project inception for both the small and big ticketed items and the delivery milestones from 2007 to support his claim of US$79 million (about K280.82 million) being wasted and nothing to show for.
Is he referring to the aborted China Exim Bank Loan of US$74.1 million (about K263.40 million), which was to attract a counterpart funding of US$ 20.9 million (about K 74.29 million) from the Government to give a total of the much publicised US$95 million (about K337.69 million)?
If so, the Government paid only US$3 million (about K10.66 million) when the loan facility was frozen by China Exim Bank due to expiry date of five years required to utilise the loan under ongoing community resistance.
It seems it’s a default payment for the entire Exim Bank loan and blame squarely falls on all stakeholders for delaying the project if that US$79 million (about K280.82 million) amounts to that.
Or is the acting managing director referring to the internal cash warrants released for securing the site among all the necessary prerequisites (land ownership and subdivisions, clearing, fencing, geotech etc) before the design and build contract to commence?
The bank statements and reconciliation of payments should show all the trail on cash component of the budgetary allocation from the actual warrants released to add up to show where the funds have ended up.
Such generalisations impinges on reputations of notable ministers who were proxy project managers during their terms in office.
It is a project that went through all the challenges with a K100 million port structural design funded and delivered by the Exim Bank loan component to kick start has now gone back to the drawing board.
The new conceptual design by the NFA will likely cause more years of delays on undersea lease issues to ring fence a fish port from public water ways among other environmental concerns to obtain a new permit.

Madang Subcontractor