Developing PNG’s port facilities into major transhipment hubs, while integrating recreational facilities for leisure and business.
POM PORT REDEVELOPMENT PROJECT
The POM Port Redevelopment Project evolved as a result of KCH purchasing the former Port Moresby port facility from PNG Ports Corporation Limited in 2015 to allow the relocation of the port to the new Motukea Port facility. KCH with will now redevelop the former Port Moresby port precinct area into a better and higher use by optimising its unique position and proximity to the Central Business District (CBD) and Harbour city.
The proposed redevelopment will consist of the mixed use of high-end residential, hotels, serviced apartments and commercial buildings with extensive open and public areas for recreational purposes. A cruise ship terminal, retail and dining experiences will make the development one of the more impressive in the region for many years. An innovation centre and culture heritage museum will blend traditional values with modern advances. KCH intends to enter into a joint venture arrangement with a suitably qualified entity that will finance, design, construct and operate the project under a public-private partnership.
The site covers three areas; (30.9 hectares of Lot 08 Section 53, Granville, 6 hectares of Lot 21 Section 26, Granville, and 1.5 hectares of Lot 9, Section 53. The proposed redevelopment is considered as a project of national significance; tailored to meet Port Moresby’s future city demands and at the same time recognising the “local heritage of Motu Koitabuans” through the development of the buildings depictingtheir culture.
KCH Key Deliverables for 2018:
- Rezoning the site from Industrial to Business Commercial Zone
- Appoint Investment and Development Partner
- Finalise financing and design