CANBERRA, Australia (AP) — The Australian prime minister on Monday dismissed as “speculative” reports that a Chinese company plans to build a new industrial island city near Australia’s porous sea border with Papua New Guinea.
Hong Kong-registered WYW Holding Ltd. plans to build a $30 billion city that includes a seaport and industrial area on Daru Island in the Torres Strait, Australian media have reported. The reports cite company letters to the Papua New Guinea government from April last year.
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