Business Advantage Papua New Guinea
INFRASTRUCTURE
Papua New Guinea requires about six per cent of its GDP to maintain its infrastructure assets, according to Craig Lawrence, Principal at Lytton Advisory. He advocates taking a ‘strategic asset management approach’. He points to the need for effective planning, prioritisation, funding strategies for ongoing operations and a consideration of the lifecycle of assets.
Lawrence says that PNG has ‘big infrastructure challenges’. These include: climate, topography, population, culture, economics and finance.