The work to upgrade the 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.
Chamber President Alan McLay, a member of the project’s steering committee, told Business Advantage PNG that the Papua New Guinea Government had approved the project, which will be funded by China’s Exim Bank. The work is likely to significantly improve what is currently a 40-minute journey.
The total cost of the upgrade is K470 million (US$218), with the first stage costing about K150 million (US$70 million).
The project is expected to take three years to complete.
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