Posted By Staff Reporter
The Prime Minister Hon. James Marape, MP, says the Papua New Guinea economy has the potential to grow into a K200 billion economy. The Prime Minister stated this at the Independence Dinner he hosted for the business community at the Parliament House. Prime Minister Marape said advanced discussions are ongoing for P’nyang, Papua LNG, Porgera, Waffi-Golpu and PASKA. “These five projects have the potential to push our economy for K80 billion to possibly K200 Billion in the next ten years,” he said. “I have encourage Exxon Mobil, Oil Search, Newcrest, Harmony and TOTAL to speak their mind. ‘We will work with you and if you feel that we are encroaching into your domain, do not feel reserved to speak up and “They have the right to speak their mind and those of us in public service or politics must not be offended when they speak their mind. “We are all equal partners in as far as business is concerned in our country. “They will speak their mind and we will find resolve for some of the major projects in our country like P’nyang, Papua LNG, Porgera, Waffi-Golpu and PASKA. Prime Minister Marape said a better way must be found for businesses to prosper and Government collects better revenue to better serve the needs of the people. The Prime Minister is asking the businesses to bear with Government during tough discussions because once agreements are signed its long term and Government cannot go back and change it, therefore the Government must get it right the first time for the people of Papua New Guinea. He said before we go and put pen to paper, he needs to ensure that he secures the best for Papua New Guinea going forward. “When we talk about taking a better and fairer share, we will not infringe into your space of making a better return on your investments,” the Prime Minster said. “Our Government will ensure that existing businesses in our country, from the smallest to the biggest, including or international business partners are not trampled upon as far as their investments rights are concerned. Prime Minister Marape also thanked businesses who have stuck with Papua New Guinea despite some of the headlines that went against business sense or established status-quo but there is always a common ground in law that we can find. He said not all is bad in our country and the potential to grow into a developed nation remains very real. Next : PNG Economy Diverse: Barker Comments are closed.
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