Construction
The PNG Ports Corporation Ltd (PNG Ports) recently received AU$589 million (around K1.5 billion) in funding from the Australian Infrastructure Financing Facility for the Pacific (AIFFP). The money will be used to rehabilitate six ports – Lae, Daru, Kimbe, Kavieng, Lorengau, and Oro Bay. It will also go toward developing a Highlands inland freight hub. PNG Ports already operates 15 maritime ports in the country. Fego Kiniafa, the company’s Chief
It is readily accepted that prefabricated and modular building systems are better suited to Papua New Guinea than conventional modes of building. This is especially so for remotely located resource sector projects such as camps, but also for housing developments and large civil infrastructure projects including hospitals, schools, and government offices. There are several prefabricated and modular building providers in PNG, however they differ in the extent to which they
Prefabricated modular building supplier, Ark Pacific, continues to increase its market share in the provision of camps across PNG’s resource sector. With a low freight footprint (up to 75 percent less) and proven commitment to quality and after sales service, Ark’s fit-for-purpose buildings are perfect for camps and a multitude of other building types required by mining and oil and gas operations. Introduced to PNG during the LNG construction phase
To stimulate growth for the Manus Special Economic Zone (MSEZ) project, PM James Marape has stated that companies operating in Manus don’t have to pay corporate taxes. The prime minister made his comments at the opening of the Momote Airport terminal. He added that the terminal cost K32 million and needed to generate money for the region. The total cost of the terminal’s construction and the airport development was K101.9
The Nadzab Airport Redevelopment project has been making progress with the recent completion of the 1600-metre runway. The project, funded by the Japan International Cooperation Agency (JICA), should be finished in April 2023. According to Satoru Ijiri, the Oriental Consultants Global architect, a further 800-metres of the runway will be renovated before it’s completely operational by the year’s end. Mr Ijiri added that the airport aeronautical ground lights that allow
Papua New Guinea’s Prime Minister James Marape recently announced K100 million in funding for the Madang Pacific Marine Industrial Zone (PMIZ). Marape pledged the amount at an event in Walium Station in Usino-Bundi. He added that he wants Madang to be a pillar in the country’s economy. “I want Madang to grow into an economic powerhouse in the country. The National Government will spearhead this, and I appeal to the
Karenga Kua, PNG’s Petroleum Minister, attended a virtual meeting with China’s Sinopec in Beijing recently. Minister Kua and Wapu Sonk, the Managing Director of Kumul Petroleum, met with the Senior Vice President of Sinopec to discuss various aspects of Papua New Guinea’s petroleum business. Among the topics discussed were Sinopec’s interest in additional long-term LNG contracts for the PNG LNG project. The Chinese petroleum giant was the first LNG customer
The Australian Government has granted Papua New Guinea AU$580 million to rebuild and upgrade its ports (roughly K1.48 billion). The State Enterprise Minister, William Duma, stated K66.4 million was already earmarked for Kavieng Port. The New Ireland Chamber of Commerce and Industry president, Nolis Thomas, said the initiative would create local jobs and boost New Ireland’s export earnings. Mr Thomas said, “Just by having the project here will provide employment
Mayur Resources’ (ASX: MRL) has completed pioneering and site enabling works for the pilot plant at its Orokolo Bay Industrial Sands Project in Papua New Guinea. Construction crew, mobile machinery, and building materials arrived at the site by barge in mid- February 2020 after a two‐day journey from Port Moresby. The company’s first priority was the building of the pioneer wharf and 250m long road to the work camp. A
THE next chapter in the historic story of gold mining on Woodlark Island has reached a key milestone with Geopacific Resources Limited commencing construction at the 1.6 million ounce Woodlark Gold Project in Papua New Guinea. This first phase of development, which follows a recent successful A$40 million capital raising, is designed to facilitate project execution in preparation for the construction of the process plant and the completion of project
