Business Momase News

Morobe Experiences Significant Economic Growth

By Sylvester Gawi – EM TV, Lae

Morobe has been through significant growth in the last three years and that is expected to transform Lae into the economic hub of the country.

The Lae Tidal Basin, Lae to Nadzab four-lane highway and the Wafi-Golpu mine are some of the major developments in the province.

These are expected to provide more job opportunities and economic benefits for the local people.

Lae has been the centre of focus in recent years, with the national government’s plan to make it the industrial hub of Papua New Guinea.

Millions of kina have been injected into fixing the Lae roads, the ANGAU Hospital and establishing investor confidence in the fisheries and aaaaagriculture sector.

The government has also put in place the public private partnership which allows local landowners to partner in these developments.

The multi-million kina Lae tidal basin is expected to generate more than half of PNG ports revenue.

The Wafi-Golpu mine project is the subject of feasibility studies and the Nadzab four-lane highway will open up access for goods and services to and from the Highlands region.

With this unprecedented growth, many local people will be expecting vital services to be driven down to their communities.

The national government’s vision is to see the wealth generated from Lae being equally distributed throughout the country. 

The Morobe provincial government is also expecting more incentives from these projects and increased economic activities.

Apart from the mining and infrastructure developments, the aaaaagriculture and fisheries sectors are also expecting to bring in more revenue for the province.

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