The Cook Islands Government has revealed figures showing that a soft loan from China for the building of a sport complex for next year's mini South Pacific Games, will save nearly 13 million US dollars.
The Government has yet to formalise an agreement but has put out a statement detailing why it backs the China offer.
It has contrasted the benefits of the China loan at two percent compared with a commercial loan at ten percent and says it will save the Cook Islands almost 13 million US dollars..
