Too much to borrow

I WISH to comment on the recent media announcement by the Morobe provincial government to seek a US$100 billion (K334 billion) funding from a partner in Philippines to fund various developmental projects in the province.
While the idea seems exciting, it will be a massive undertaking.
Even the PNG Government cannot go to the extent of negotiating external funding of this magnitude and in any layman would ask what financial institution, company or organisation will spend this kind of money in one province in PNG and for what financial or other benefit.
Also, is this money a grant, loan or free assistance? Whether it is a grant or a loan, Morobe Provincial Government must guarantee this loan. What assets does the province own that can be used as collateral?
No-one in his or her right frame of mind would want to give this kind of money away without any benefit in exchange.
The people of Morobe and PNG need to know the details about this project.

Robin SIWICK
Port Moresby