PNG Ports secures ‘landmark transaction’ with BSP for Motukea Island facilities, impact of kina’s exchange rate over-valuation analysed, and Harmony Gold confirms Kili Teke copper-gold discovery. Your weekly digest of the latest business news.
Construction of Phase Two of Lae port redevelopment to start in 2016
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A decision on who will build a second K300 million berth at the Port of Lae is expected by the end of 2015 and construction due to commence in 2016, according to PNG Ports’ Chief Executive Officer, Stanley Alphonse. A new industrial park and an international operator for the port is also on the cards.
Curtain Bros planning huge, new dockside facilities at Motukea Island
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Civil engineering firm Curtain Bros has big plans for Motukea Island, as it prepares to build new dockside facilities alongside the soon-to-be relocated Port Moresby Port. General Manager Justin McGann outlines the Motukea plans, and other new company projects, to Business Advantage PNG.
In brief: PNG Ports Corporation completes Lae extension, and other business stories
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The extension project at Lae Port reaches a conclusion, PanAust feasibility study at Freida River on target, National Executive Council endorses PNG Sovereign Wealth Fund. Your weekly digest of the latest business news.
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