Government of the Federated States of Micronesia

$200 Million Public Sector Investment Program

PALIKIR, Pohnpei (FSM Information Service): October 14, 1997 - FSM President Jacob Nena, on October 6, 1997, informed the four state governors that the National Government has taken some efforts to identify technical and financial resources, to help in developing realistic cost estimate for each of the projects, which were identified for Public Sector Investment Program by the National and State Economic Summits.

The aggregate cost of the identified projects is $200 million. Nena said he would appreciate the understandings and cooperations of the governors.

Furthermore, Nena said he has designated the National Planner to coordinate this efforts and to work closely with the state staffs on prioritizing the projects for implementation.

Identical letters were sent to Governor Figir of Yap, Walter of Chuuk, Pangelinan of Pohnpei and Mackwelung of Kosrae.

For further information on this release, please contact:

FSM Office of the President
Public Information: Press, Radio, Video
P.O Box 34
Palikir Station, Pohnpei, FM 96941
Tel.: (691) 320-2548/2092
Fax.: (691) 320-4356