K20bn To Connect All Major Roads And Stimulate Economy
Prime Minister James Marape expects Papua New Guinea to generate revenue from other sectors apart from the mining and petroleum sectors.
That can be achieved if roads connect significant economic corridors.
This has prompted the government to formulate the Connect PNG (2020-2040) policy which aims to connect seven significant economic corridors in the country within the next five to 10 years.
The seven main economical corridors to be connected and captured in the policy are:
Trans Highlands Economical Corridor: 9mile – Bulolo – Port Moresby
Momase Economic Corridor: Vanimo – Wewak – Madang – Lae – Finchaffen
Gulf-Highlands Economic Corridor: Kikori – Erave – Moro and Tari – Porgera
Southern Economic Corridor: Kerema – Port Moresby – Alotau
Highlands Economic Corridor: Mt Hagen – Mendi – Enga
Baiyer Madang Economic Corridor: Madang- Baiyer – Kompiam
New Britain Economic Corridor: Kimbe – Kokopo
Mr Marape launched the policy yesterday in Port Moresby at the APEC Haus.
He said PNG has many economic opportunities that are still yet to be unbundled
The Connect PNG program will cost an estimated K20 billion when accomplished in 20 years time.
National Planning Secretary Koney Samuel representing the Planning Minister Sam Basil said funding will be a challenge, nevertheless, there needs to be hard decisions made to maximize on the limited resources the county has in its annual budget.
General Secretary Isaac Lupari says in PNG’s economy, 90 per cent of the population live through subsistence economy while only 10 per cent live of a cash economy.
“We aim to change that,” Mr Lupari said.
“We want to make sure that the 90 per cent be turned into cash economy by providing access to the markets to stimulate the economy.”