PM Marape announces K100 million funding for Madang PMIZ project

By: PNG Business News March 28, 2022

Photo: PM Marape and Madang Governor Hon. Peter Yama being welcomed to Walium Station in Usino-Bundi

Hon. Prime Minister James Marape says he wants Madang to become a pillar of Papua New Guinea's economy.

He addressed this in front of hundreds of people at Walium Station in Usino-Bundi when announcing K100 million in financing for the Pacific Marine Industrial Zone (PMIZ).

PM Marape said that hundreds of millions of kina for the PMIZ had been spent with little to show for it during the previous two administrations' tenure, and promised that this would not happen again.

He stated that the project will be administered by the National Fisheries Authority, and that K100 million had already been set up in the 2022 Budget.

The PMIZ project was initially proposed in 2004 and inaugurated by the O'Neill administration in 2015, however despite hundreds of millions of kina being spent, nothing has transpired.

“I want Madang to grow into an economic powerhouse in the country,” PM Marape said.

“The National Government will spearhead this and I appeal to the Madang people to support us in this drive.”

PM Marape reassured Madang residents that the previous two governments' failures would not be repeated.

“We are doing it (PMIZ) much better (than previous governments),” he said.

“This year, for the first time, we are putting K100 million into the PMIZ project.

“We will be making the PMIZ project come to life for the first time.”


Reference: PM James Marape News Page (20 March 2022). “PM Marape announces K100 million funding for Madang PMIZ project”.

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