23 Jun 2008

Cook Islands government and Chinese delegation to meet this week over stadium funding

7:34 pm on 23 June 2008

The Cook Islands government and a Chinese delegation will this week meet to discuss conditions on a soft loan for the building of a sports complex and to upgrade venues for next year's South Pacific mini Games.

China had originally approved a loan for around 10 million US dollars in March this year but later raised concerns after the Cook Islands Investment Corporation had made changes to the plans.

China said it would not move foward until it had seen the changes.

Now the Deputy Prime Minister, Sir Terepai Maoate, says China has sent a new agreement though he is not sure that both governments are on the same page.

"We're not sure whether they will have the same understanding of the conditions of the loan as we have originally talked about at the first request for a lona because that has fallen by the wayside and this is a new loan altogether and perhaps some new conditions I'm not sure."

Sir Terepai Maoate.