Port Moresby Main Wharf To Be Relocated To Motukea Facility

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Purchase agreement of $465 million finalized

PORT MORESBY, Papua New Guinea (PNG Post-Courier, Oct. 30, 2014) – Port Moresby’s main wharf will now be relocated to Motukea after the signing of the K1.2 billion [$465 million] purchase agreement on Tuesday night.

The purchase agreement was signed by Public Enterprise Minister Ben Micah and Curtain Brothers and was witnessed by Moresby Northwest MP and Health Minister Michael Malabag and Governor Powes Parkop.

It was a six-hour wait as the legal and financial arrangements were being formalised and approved by the State Solicitor for the signing to eventually take place at around 8pm.

Independent Public Business Corporation (IPBC) managing director Wasantha Kumarasiri said at the signing that the Port Moresby port relocation will completely change the economy and the city of Port Moresby.

Governor Parkop said the development is very crucial for the city and the economy and will cater for the growing population.

"This is one of the major live changing intervention that the government has decided to make. Since I became governor in 2007, this is one of the projects that I have been pushing. Now it is happening at last."

Minister Micah said: "Two ideas came up either for us to build our own wharf which will take 2-3 years and cost maybe K1 or K2 billion or acquire the existing port facilities constructed by Curtain Brothers on Motukea Island. Finally the IPBC, PNG Ports and the NEC saw the wisdom of acquiring the existing port facility that has already proven to service large cargo for the LNG construction for the last six years."

Minister Micah said this will also be the first time that a major project will be funded by a consortium of commercial banks led by ANZ and BSP.

"Papua New Guinea will be transformed if you look at all the big infrastructure that is taking place in Port Moresby, Lae, along the highlands highway and in some of the centres around the country."

"These are things that are supposed to have been done over the last 40 years."

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