K7 million allocated for Panguna negotiations

17 03 2014

Source: Post-Courier


A TOTAL of K7 million has been budgeted between 2010-2013 to fund the Autonomous Bougainville Government’s preparation towards negotiating the possible reopening of the Panguna mine in Central Bougainville.
This was made known by President John Momis while delivering his ministerial statement during the Autonomous Bougainville Government parliament sitting last week.
However, from this total budgeted amount, only K4.5m or 64 percent was disbursed to the Autonomous Bougainville Government Mining Department to carry out this exercise.
From this K7 million budget, K2 million was paid by the national Government in 2010 while the following year saw Autonomous Bougainville Government allocating K500,000 towards the cause.
The Autonomous Bougainville Government increased its allocation to K2 million in 2012 while no funds were allocated in 2013, resulting in only K4.5 million being allocated out of this budgeted K7million.
President Momis, who is also the Minister responsible for Panguna Negotiations, revealed that K3,992,028 out of this K4.5 million was used up in 2013 on various expenses.
“The most expensive item being the regional forums, which absorbed K1.9 million or 48 percent (of this K3.9 million),” said Mr Momis.
Other expenses incurred include the landowner consultations which amounted to K317,569 while the expenses for the landowner infrastructure support totals up to K536,676.
Expenses for the Autonomous Bougainville Government/landowners discussions was K374,673 and expenses for the joint coordination committee amounted to K212,608.
Autonomous Bougainville Government and landowners technical advices and consultations totaled up to K146,664 while K495,191 was spent on the office operations of the secretariat.

The monies should be spent on other good things like building higher institution etc etc




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