PNG Ports Corporation Limited has entered into an agreement with Wafi-Golpu Joint Venture on a potential site in Lae for a land/water interface to dewater and stockpile concentrate from its proposed Wafi-Golpu project.
It allowed the joint venture the exclusive right to deal with PNG Ports in relation to the potential site, and to access the site to conduct further studies regarding its suitability as a port facility.
“PNG Ports recognises the importance of the Wafi-Golpu project in the context of PNG’s economic growth. It acknowledges that the provision of land and water interface is a critical component of the Wafi-Golpu project value chain,” PNG Ports managing director Stanley Alphonse said.
“PNG Ports is happy to provide this critical component in the construction and operations of the Wafi-Golpu project going forward.
“Such arrangements will go toward supporting PNG Ports’ strategy of developing the K300 million Huon Industrial Park in Lae.”
PNG Ports has invested more than K300 million into the 400ha industrial park located at the western end of Portion 508.
It is expected to be completed by the end of next year and addresses some of the key impediments to economic growth.
The industrial park will service both dry and wet bulk trade and will comprise warehouses suitable for heavy and light industries, commercial and small warehousing, hardstand for container and equipment storage, fuel, oil and gas tank farms, power generation, sewerage and effluent treatment. The National