The Marshall Islands is to receive five million US dollars from the Taiwan government to build special facilities needed to host a Taiwan Pacific Allies Summit in Majuro next year.
The summit will bring together the Taiwan President, Chen Shui-bian, and the heads of state of the six Pacific islands nations that diplomatically recognize Taiwan: Marshall Islands, Nauru, Kiribati, Palau, Tuvalu and Solomon Islands.
The Marshall's President, Kessai Note says the five million will pay for a new convention centre and a presidential village to house the six visiting heads of state who are expected in Majuro in September 2007
The President plans to fly to Taipei next week to conclude funding agreements for the summit and also an additional two million for the purchase of a commuter plane for domestic air services in the Marshall Islands.
1.7 million dollars will go towards the purchase of the plane and the remainder of the money will be spent on spare parts.