One of PNG’s successful home grown business has scaled down its operations due to the completion of the construction phase of the PNG LNG project with fifty per cent of the workforce laid off.
Trans Wonderland Limited, formally announced yesterday, the end of their three year partnership with sister landowner companies.
Moving forward, TWL plans to invest more in logistics and to bring in a new private airline company.
Trans Wonderland Limited came into operation in 2009, owned by twenty thousand stakeholders and 28 different companies from the Kutubu and Hides area in Southern Highlands.
The landowner company successfully carried out logistical and trucking services, transporting cargo for the LNG project on the 800 Kilometre road from Lae to Komo.
TWL, with sister landowner companies, had incepted a unique, home grown concept called the ‘consortium concept.
TWL Managing Director, Larry Andagali, explained that the consortium concept brought together the landowner companies, with each group putting their trucks to service. This meant that for each landowner group, one truck had to be put in service with a unique agreement to share the risks and revenue of the business.
Yesterday TWL formally ended this agreement, allowing the ten groups to either take back their trucks or sell it to interested buyers.
Mr Andagali said the company will continue to invest in logistical services and they are planning to bring in a new airline company – AAG which has been operating in Queensland.