The Orognaron ILG of Gabsonkec Village and Mopong Business Group of Yalu village, located along the outskirts of Lae City, have been identified for the projects.
Commerce Minister Wera Mori, accompanied by investor managing director of Eco Synergy Limited, Raymond Tee, ICDC officials and landowner spokesperson Kelly Naru, visited the two groups yesterday.
During the site inspection, Minister Mori said it was beneficial for the country to have more industrial parks in the country that can attract large scale projects investors to do business that will boost the economy.
He said the two groups in Lae were chosen because of the City's location of connectivity to other provinces and further Lae being the industrial hub of the country.
The Minister further gave the assurance that the project will kick off soon in the next 6 months – just in time to embrace the potentials of APEC in November.
Landowner spokesperson, former Morobe Governor Kasiga Kelly Naru, said the twin parks are timely as now PNG is ready to embrace the industrial revolution already implemented by other countries.
Naru, whilst praising the practical leadership of Minister Mori, said the projects will further create more spin-off benefits such as employment for the people, and will boost the economy of Morobe Province and the country as well.
The industrial parks will cater for manufacturing plants such as car plants, electronics and other similar business investments and will be cost productive and conducive for businesses to operate because of PNG’s soft economy.