Ma­jor in­vest­ment trans­forms PNG’S ma­jor ports

Port Moresby’s cur­rent port, due to be re­lo­cated by the end of 2018 Af­ter years of con­ges­tion and un­der-in­vest­ment, and do­mes­tic trade. In 2015, it han­dled some 130,000 international and 56,000 do­mes­tic con­tain­ers. PNG Ports’ Chief Ex­ec­u­tive Of­fi­cer Stan

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year pe­riod, with the first de­vel­op­ment com­menc­ing in 2016.’

When fully op­er­a­tional, Gov­ern­ment es­ti­mates sug­gest the port will cre­ate new jobs and re­lated op­por­tu­ni­ties for more than 5000 peo­ple—with pro­jec­tions of this reach­ing 10,000 as port busi­ness in­creases in com­ing years. In­creas­ing pi­lotage, wharfage and berthage rev­enue streams are also ex­pected.

An 18-month project to re­lo­cate the port of Port Moresby to nearby Mo­tukea Is­land has moved a step closer with the Bank South Pa­cific ap­prov­ing a K300 mil­lion loan to re­claim about 60 hectares of un­der­wa­ter lease and on top of that build about 500 me­tres of quay line (wharf ex­ten­sion) and mounted tracks at the stor­age fa­cil­i­ties.

Re­lo­cat­ing the port and its op­er­a­tions is de­signed to re­lieve con­ges­tion in the cen­tral busi­ness dis­trict of Port Moresby (‘Town’), which has reached op­er­a­tional ca­pac­ity and has been ham­strung by traf­fic con­ges­tion and growth is­sues.

The port re­lo­ca­tion is due for com­ple­tion by 2018 to co­in­cide with the Novem­ber 2018 APEC meet­ing.

PNG Ports Cor­po­ra­tion and Cur­tain Bros, which has owned and op­er­ated the Mo­tukea Port since 2010, signed a sale agree­ment in 2014 for K725 mil­lion, but Cur­tain Bros will also ex­pand its own ship re­pair fa­cil­i­ties by build­ing a very large dry dock, which will ac­com­mo­date ves­sels of up to 100,000 DWT ca­pac­ity, ac­cord­ing to Gen­eral Man­ager, Justin Mc­gann.

‘We’ll have our dry dock for Pana­max re­pairs, and we’ll have our ship­yard where we want to build new ships,’ he said. 

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