Pri­vate wharf to re­lieve Port Moresby con­ges­tion

Avenell En­gi­neer­ing Sys­tems is de­vel­op­ing a new pri­vate wharf and busi­ness park just out­side Port Moresby..

Business Advantage Papua New Guinea - - Infrastructure & Transport -

Work be­gan in 2012 on the 180-me­tre berth at the Ravuvu Industrial Park, 20 km north-west of cen­tral Port Moresby. The new wharf will help ease traf­fic at Port Moresby’s main port, as well as boost em­ploy­ment and trade in the cap­i­tal.

The In­ter­na­tional Fi­nance Cor­po­ra­tion (IFC) has pro­vided Avenell (AES) with a US$4 mil­lion (K8.9 mil­lion) loan to help the com­pany com­plete the project.

‘IFC’S sup­port pro­vides us with the cer­tainty of sta­ble, longterm fi­nanc­ing and ad­vice,’ said Do­minic Avenell, a direc­tor of AES.

‘IFC will also help us es­tab­lish a com­pre­hen­sive en­vi­ron­men­tal and so­cial man­age­ment sys­tem for our en­tire op­er­a­tion, which will boost our com­pet­i­tive­ness when we seek con­tracts with in­ter­na­tional and lo­cal firms that de­mand global best prac­tices in this area.’

AES has in­ter­ests in hous­ing con­struc­tion, wharf and port op­er­a­tions, stor­age, and other ser­vices that sup­port the min­ing sec­tor.

The new wharf will ser­vice smaller ves­sels with a draught of less than six me­tres. It will con­cen­trate on ser­vic­ing the oil and gas in­dus­try.

The AES wharf is the lat­est ad­di­tion to a grow­ing num­ber of pri­vate port fa­cil­i­ties sur­round­ing the na­tion’s cap­i­tal. As well as the mas­sive fa­cil­i­ties built to sup­port the ship­ping of gas from the Exxonmo­bil-led PNG LNG project, Cur­tain Broth­ers’ Mo­tukea Is­land wharf was com­pleted at the end of 2010, while Steamships has its own wharf for coastal ship­ping ad­ja­cent to Port Moresby’s main port fa­cil­ity.

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