The Papua New Guinea government Treasurer Ian Ling-Stuckey says a K100 million funding from the Asian Development Bank (ADB) will assist Air Niugini in its restructure and reorganisation. The airline is resuming domestic flights and slowly restarting international flights after the Covid-19 lockdown eight months ago. Ling-Stuckey in a statement said the recovery task would take a bit longer and be more difficult for Air Niugini. He said some State-owned enterprises (SOEs) such as PNG Ports, Water PNG and Motor Vehicle Insurance Ltd had continued operating through the pandemic. But PNG Power Ltd and Air Niugini were badly affected. Ling-Stuckey said there would be clearer frameworks for public-private partnerships ensuring that the public interest was protected while encouraging a level playing field for increased competition. “These will be exciting times but also challenging times,” Ling-Stuckey said.
“This is all part of making PNG stronger as we emerge from the pandemic. “We are laying the groundwork for sustainable, long-term gains that boost SoE performance and ensure other social development objectives become a reality. “This includes the goal of providing electricity to 70 per cent of the population by 2030, greatly improving water and sanitation and providing services at affordable prices. “These reforms, which may include reforms we saw with Nasfund and Bank South Pacific, will ensure the appointment of professional directors and high-performing managers. “With capable management and adequate financial assistance, the SOEs can prosper in a climate many people are describing as the new normal.” Statement/TheNational/PNGFacts Next : PNG Government To Stop Beef Imports Comments are closed.
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