Lae Port construction date set

IPBC Managing Director Thomas Abe said today a meeting held in Lae yesterday had set the scene for construction work to
start on the Lae Port project on May 8.

“It was a very good meeting, and agreed on a number of important ground rules for construction,” Mr Abe said.

“Clarification of a range of issues and commitments, including employing local workers, was achieved, allowing us to set the
date for the start of construction.

“The start of this project, worth more than K700 million, is very significant.

“It will make a big contribution to the development of the Momase region, particularly in the resources, industrial and
agricultural sectors.”

Present at the meeting were representatives of the executing agency (IPBC), the contractor (China Harbour Engineering),
and consultant engineers (Korean Engineering Consultant Corporation), the Asian Development Bank, and PNG Ports
Corporation Limited. The meeting was chaired by Mr Abe.

Construction work, expected to be completed in 2015, includes a tidal basin, a berth and a terminal.
Lae Port is the most important port in the country, and has become one of the busiest in the south-western Pacific as major
resource projects start producing and construction of new ones begins.

It cannot meet current demand and would have become become an even greater obstacle to regional and national
development without the project.

Mr Abe said construction will create many hundreds of jobs and will provide work for local firms and sub-contractors.

“An important aspect of the pre-construction meeting was agreement by the contractor to try to maximise the use of local
labor, local skills, local professionals and local companies and sub-contractors,” he said.

“This is something IPBC has been pushing very strongly, and I am happy to say that our position was viewed positively at the
meeting.”

Thomas Abe
Managing Director, IPBC

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