China grants $800,000 to FSM to subsidize the newly launched airline between the Federated States of Micronesia (FSM) and Papua New Guinea in 2016 (Linked to Record ID#64186)

Based on the release from the Congress of Micronesia, on December 9, 2016, China and Micronesia signed a handover certificate.

China agreed to provide a grant of USD 800000 to the Government of Micronesia to subsidize the newly launched airline on December 3rd, 2016 between the Federated States of Micronesia and Papua New Guinea. A resolution to accept the grant was submitted to Congress on December 15, 2016,. Loan applications and disbursements are still being received and processed as the projects continue to evolve.

Ongoing monitoring and evaluation are in place to ensure project continuity.