Kumul Consolidated Holdings Limited

Reduction in airfares on agenda

He said this was on the agenda as part of the goal to improve services.

Minister Duma said the immediate area of concern was to serve the people first.

“In the case of Air Niugini, our priority is to serve our people first and continue to provide services to our people, including some of those non-profitable domestic routes. So the preference is to providing the service that people expect.

“People also complain that the costs being charged by Air Niugini for tickets are quite expensive. We want to see an eventual reduction,” Duma stated.

LO’s stake in Ramu 2 await finalization

The State and Ramu 2 Hydro Developer, Shenzen Company Limited, are finalizing discussions with the launching expected in November.

Under the agreement the State along with the Provinces of Eastern Highlands and Morobe, and Landowners will own 30% while Shenzen Energy has a 70% stake.

Minister for State Owned Enterprises, William Duma, says discussions with landowners and the Province have already commenced and they are awaiting the commercial agreement to be finalized.

K3 billion for Ramu 2 Project

This was revealed by developer, Shenzen Energy.

Shenzen Energy Group President, Pingyang Wang, and his team met with Minister for State Owned Enterprises, William Duma, and Kumul Consolidated Holdings Managing Director, Darren Young, as discussions on the Ramu 2 Hydro Project are being concluded.

Wang and his team have been in the country since Sunday meeting with the Prime Minister and major development partners such as Ramu Nico.