Port Relocation Deal Inked

Thursday October 30, 2014 – (Reprinted by courtesy of the National Newspaper. By Gynnie Kero)

The state has agreed to pay Curtain Bros PNG Ltd K725 million for the relocation of the Port Moresby main wharf to Motukea outside Port Moresby.

This followed the signing of the sales agreement occurred between the PNG Ports Corporation Ltd and Curtain Bros on Tuesday evening.

Independent Public Business Corporation managing director Wasantha Kumarasiri said with the relocation of the port; the economy would experience a complete change.

Public Enterprises and State Investments Minister Ben Micah said the move would further allow the transformation of the Central Business District (CBD) of the nation’s capital.

The existing Motukea facility consists of three berths dof 530 metres, 19 ha of reclamation hardstand, 14 ha of swing-basin and 27 ha of adjoining sea-bed lease with adequate space for development and expansion, which will include an additional two international berths.

Micah had said: “Relocating the port and its associated operations will relieve congestion. The city will also be free of trucks and associated traffic that have been servicing the port. Our aim is to have the Port relocation completed by 2018 to coincide with the 2018 APEC meeting.” he added.

“Because Motukea is an existing site in operation there is limited risk and lessened impact to the physical and social environment. The future port will facilitate the efficient import and export of goods to underpin the economic growth of Papua New Guinea.

“All required assistance has come from the Minister for Finance, State Solicitor and Chairmen Directors of Independent Public Business Corporation (IPBC), PNG Ports Corporation, the team at IPBC,” Minister Micah added.

Curtain Bros PNG managing director Sir Michael Curtain had said it was an honour for the Motukea site to be acquired by the Government for the purpose of the future development of the capital city.

“Curtain Bros has been involved in of the development of infrastructure within Papua New Guinea for over half a century. In recent years we have developed Motukea as a hub for our operations. It has become our home base. It will now become the hub of a newly planned and more functional city of Port Moresby. We take great pride in this achievement,” Sir Michael said.

ENDS