Papua New Guinea Bonobos Stuck With $5.6 million Worth Of Maseratis....

[SIZE=7]Papua New Guinea says it was a ‘terrible mistake’ to buy $5.6M in cars to impress world leaders[/SIZE]
By
Paula Froelich
October 2, 2021 11:44pm
Updated
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Papua New Guinea’s then-Prime Minister Peter O’Neill promised the government “will not be out of any funds” before the outrageous purchase.
AP Photo/Aaron Favila, File

Hindsight is always 20/20 but even used car dealers know there is almost no appreciation on a car once you drive it off the lot — a lesson Papua New Guinea is learning the hard way.
Papua New Guinea — which is one of the poorest nations in Southeast Asia, with an average GDP per capita of $2,613 — dropped a mind-boggling $5.6 million on a fleet of luxury cars to impress regional leaders during a 2018 conference.
Nearly three years later, the country admits the shallow purchase was a “terrible mistake” and is trying to recoup its losses by offloading the multiple Maseratis at a hefty loss.
At the time, the government claimed the fancy rides purchased for the Asia-Pacific Economic Cooperation, or APEC, conference, would be snapped up, according to the BBC.
But many leaders at the conference refused to even drive the cars.

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Papua New Guinea bought a fleet of Maserati cars for transportation during the 2018 Asia-Pacific Economic Cooperation forum.Mick Tsikas/AAP via AP

“If we had any foresight, the Maseratis would not have been purchased in the first place,” Finance Minister Sir John Pundari told the BBC. “I don’t know the reasons we went down the path of purchasing Maseratis and now we are caught up with this dilemma.”
The Quattroporte sedans, which were purchased through a Sri Lankan dealer and flown into the country via a chartered jumbo jet, are expected to be sold for $114,000 each – a loss of 20 percent per vehicle.
At the time, according to the BBC, the country’s APEC Minister Justin Tkatchenko claimed the cars would provide “the level of carriage for leaders that is the standard for vehicles used at APEC summits” and boasting the used vehicles would then “sell like hot-cakes” post-summit. Then-Prime Minister Peter O’Neill promised the government “will not be out of any funds.”

Both were catastrophically wrong. O’Neill resigned in 2019 while Tkatchenko is the Member of Parliament for Moresby South and Minister for Sports.

Hapa Kuna tenderprenuer alinukisha serious

Bleks

Sexy rides

Aren’t aboriginals not technically black.

It’s all about the image.

Indians

They are Aboriginals. Aboriginals are Austroloids. You cant put them in a normal race spectrum. Wao ni race yao kivyao.

These are different from aborigines in australia who have straight hair, hawa nywele yao ni slightly kama mwafrika kama wasomali or ethiopians although they also have blond curly hair

It doesnt matter they are still Aboriginals. Hata Africans si ati tunafanana sisi wote but we are all Africans.

Even more proof that is usually the brokest folks who tend to buy expensive and grandiose things to impress other people. They are trying too hard to overcompensate. Rich people have no time to flose or ‘appear’ because they know their bank accounts are full.

Acha kujiwekea definitions zako, they’re not aboriginals, they’re papuans, they’re not even in the same language group as australian aboriginals, the general term you are looking for is melanesian

Symptomatic of the the shallow thinking of third world leaders - they should have leased vehicles from nearby Australia if they had to get rides from abroad - otherwise the visiting dignitaries should have used what was available locally. The APEC leaders know the financial and development status of the country!

Correct. You got it.

I see you shallow mothefuckwrs are discussing hair texture again.