30.7 C
Port Moresby
June 26, 2022
Business News

Port Moresby Port To Be Relocated

by Meriba Tulo – EM TV, Port Moresby 

Given increasing traffic into Port Moresby wharf, calls to move the wharf to a new location have been ongoing for some time.

In bringing relief to businesses in Port Moresby, the State has formally signed an agreement, which will allow PNG Ports Corporation to relocate the Port Moresby wharf to a new location.

On Tuesday, officials from the Independent Public Business Corporations, PNG Ports Corporation Limited and Curtain Brother Signed Sale Agreement was signed, which will now pave the way for PNG Ports Corporation to relocate its facilities to Motukea, just outside of Port Moresby.

Motukeawas most recently used to transport equipment for the construction of the PNG LNG plant site outside the city.

Owner of Curtain Brothers, Sir Michael Curtain, was also present at the occasion, signifying the signing’s importance.

The acquisition of Motukea will cost the State approximately K725 million.

Minister for Public Enterprise and State Investment, Ben Micah, says the relocation of the wharf to Motukea is a win-win for all parties involved.


Related posts

Flame Stockfeed: Groim Moni Hariap

EMTV Online

Wagambie warns Lae public against the use of illegal firecrackers

EMTV Online

4 Mei | EMTV Nesenel Nius Hetlain Long Tok Pisin

EMTV Online
error: Content is protected !!