The group company successfully undertook the logistics and warehousing development project on the west side of Laicheng Port in Papua New Guinea

　　From July 6 to 10, 2016, Papua New Guinea Prime Minister O'Neill paid a friendly visit to my country. During Prime Minister O'Neill's visit to China, the governments of China and Pakistan signed a framework agreement on the provision of preferential loans by the China government for the logistics and warehousing development project on the west side of the Port of Laicheng in Papua New Guinea. The Export-Import Bank of China and the Ministry of Treasury of Papua New Guinea signed a loan agreement on Pakistan using Chinese preferential loans to implement the project. The contract amount of the superior loan project is RMB 772 million and will be implemented by CJI Company.

　　On the morning of July 7, Prime Minister O'Neill met with Peng Xiangfeng, Chairman of CJI Co., Ltd., and the two sides exchanged views on the achievements of our company's economic and technological cooperation in Papua New Guinea and the prospects for future cooperation and development. Prime Minister O'Neill spoke highly of CJI's work in Papua New Guinea and hoped that our company would continue to develop and invest in new projects in Papua New Guinea. Chairman Peng sincerely thanked Prime Minister O'Neill for his concern and strong support, and said that our company will implement the project on schedule and within budget, and hopes to continue to cooperate closely with the PNG government to jointly explore and develop new projects to provide greater benefits to China and Pakistan. Friendship and economic and technological cooperation between the two countries make greater contributions.

　　That night, Chairman Peng was also invited to attend a dinner hosted by Papua New Guinea Ambassador to China Mero to welcome Prime Minister O'Neill's visit to China. Prime Minister O'Neill delivered a passionate speech, highly praising the friendship between China and Pakistan, and welcoming China companies to carry out various economic and technological cooperation in Papua New Guinea.