This was revealed by Finance Minister, James Marape, in Parliament on February 24th.
Marape said the funds would be released for infrastructure projects and related programs.
Following questions by the Southern Highlands Governor, William Powi, and North Fly MP pertaining to the funds earmarked for areas affected by the earthquake, the Finance Minister revealed that more than K150 million was in a Trust Account.
Southern Highlands Governor, William Powi, queried the status of the K450 milliom earmarked for disaster relief and restoration programs which Miinster for Inter-Government Relations, Keving Isifu said to furnish an updated report.
Marape said the K450 million will be disbursed over a for year period.
North Fly MP James Donald also queried if they were to recoved reimbursement as K1 million from the DSIP was put towards disaster relief as requested by Government.
Minister Marepe said the K1 milliom DSIP funds will be reimbursed.