US and NZ Commit $60 Million to Cook Islands Port Amid Pacific Rivalry With CCP
After signing a comprehensive strategic partnership with Beijing last year the small Pacific state has taken another step back towards its traditional partners.
TL;DR
- The US and New Zealand will invest a total of US$60 million to upgrade the Penrhyn port in the Cook Islands.
- The project aims to improve shipping links for the Cook Islands' outer islands.
- The upgrade will also support the development of deep-sea mineral mining.
- The U.S. Department of State will contribute US$50 million, and New Zealand will contribute approximately US$10 million.