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.