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| Covec Manger of Tendering Department Sheldon Ding signing the contract papers at Government House |
By FIDELIS SUKINA
The Ialibu to Kagua road in the Southern Highlands Province
of Papua New Guinea will see maintenance thanks to the contract signing that
took place at the Government House.
The contract signing between the state and Chinese company Covec
(China) Limited was at the value of K80, 891, 515. 10, including GST and will
be jointly funded by the State and Asian Development Bank (ADB).
It will be for the improvement works and long term
performance based maintenance for the 31.8km road from Ialibu to Kagua in the
Southern Highlands province.
Secretary of the Department of Works David Wereh who was
there to witness the signing said the Ialibu to Kagua road in the Southern
Highlands province is part of ADB funded project up in the Highlands region.
“This is part of the ongoing ADB funded project up in the
Highlands region, for the highlands regional core road network upgrading and
development program”. Wereh said
He added that the company Covec (China) Limited was worthy
of the work after meeting all necessary requirements.
“Covec is doing other major projects in the Highlands and
have simultaneously been running two major projects (Mendi kandep and Liagam
Pogera) and have completed within time so we have confidence in them”.
“They have met all the guidelines of the ADB procument
system as well as ours and have qualified for all of the three contracts”.
He also said that local contractors will also be used and
that will be arranged by the main contractor.
The Improvement Works, including provisional sum for
contingencies, cost K72, 821, 460. 00 while K8, 070, 055. 10 will be for the
Long Term Performance Based Maintenance Contract for a period of five (5) years
following the Improvement Works.
The ADB will contribute K50, 975, 022.00 as loan under the
ADB Loans PNG Highlands Regional Road Improvement Investment Program (HRRIIP)
while the national Government’s component is K21, 846, 438. 00. The Long Term
Performance Based Maintenance will be financed by the National Road Authority
at K8, 070, 055.10.
Work will be due to commence before the end of the year.
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