Papua New Guinea is set to become a major regional trans-shipment hub for trade in the Asia-Pacific region, Public Enterprises and State Investment Minister Ben Micah said.
This is the result of the Lae wharf expansion programme: Lae tidal Basin Port Development project and the relocation of the Port Moresby wharf to Motukea. “These are two massive infrastructure projects undertaken by the government through the IPBC and Ports PNG,” Micah said. “We will become a major trans-shipment hub for South bound trade from Asia and North bound trade from Australia and New Zealand. “Currently our trade and business shipments come through Australia and into PNG and we want to mitigate this by establishing these hubs so our trade goods come directly to PNG.” He said cabinet had approved the relocation of Port Moresby wharf to Motukea and there was funding arrangements for the state to purchase Motukea Port from Curtain Brothers. He said the Port Moresby wharf area would become a major recreational and commercial area. Micah said the second phase of Lae Tidal basin project would see an extension of the port from 225m to 725m. The second phase would enable the wharf to have the capacity to handle vessels 300m long and that carry about 5000 containers. The extension will allow two vessels to berth at the same time. He said the two projects were success stories for the public private partnerships including two State owned Enterprises and China Harbour Engineering Corporation. Comments are closed.
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