Minister for State Enterprises William Duma told Parliament this week, that issues with the Provincial Government and landowners were the main obstacle delaying the completion of the project site.
Duma was responding to Bulolo MP and Deputy Opposition Leader Sam Basil asking for the update of the PMIZ project.
Basil said plantations have been cleared but nothing has been coming forth.
Duma said the timeframe allocated to obtain that loan had collapsed which resulted in the loan being forfeited. However, the Government has re-negotiated with the Chinese bank and the project will be implemented once the funding becomes available.