Power outages may become a distant memory, with Papua New Guinea’s power generation capacity set to double in coming years, largely due to increased investment from the private sector.
Infrastructure
John Tangit has been appointed Acting CEO of PNG Power, following the resignation of Tony Koiri.
The dream of high speed broadband in Papua New Guinea has taken a step closer, with the completion of a fibre-optic cable connecting Gulf Province with the ExxonMobil-run PNG LNG plant, 20km north of Port Moresby.
Port Moresby business leaders have welcomed a Cabinet decision to spend more than K700m (US$320m) on six major road projects for the National Capital District.
The Australia–Papua New Guinea Business Forum in Port Moresby next week will have a special focus on how to improve Papua New Guinea’s vast infrastructure needs.
Air Niugini has paid a divided of K7.6 million (US $3.5 million) to the government for the 2011 fiscal year, its second dividend since corporatisation in 1996.
The four-year feasibility study on Solomon Islands’ Tina River hydro dam project on Guadalcanal Island is nearing completion and a final report will go to government in September this year.
Work to upgrade 40-kilometre stretch of road between the port of Lae and Nadzab Airport into a four-lane highway is expected to begin in June 2013, according to the Lae Chamber of Commerce and Industry.
Business people in Morobe Province are hoping a new timetable, which sees Air Niugini flying between Lae and Cairns via Port Moresby, is the first step towards direct flights between Australia and PNG’s second city.
The codeshare arrangement between Airlines PNG and Virgin Australia should be allowed to continue, according to a draft decision released yesterday by the Papua New Guinea Independent Consumer and Competition Commission (ICCC).