PNG Ports Limited

Ports Rehab Begins

PNG Ports says most of its ports are run under its Community Service Obligation (CSO) and these are the ports that will have a large percentage of infrastructural development funding allocated.

The rehabilitation and upgrade of the ports was captured in the recently launched PNG Ports’ 30-year ports infrastructural master plan.

Much of the funding will come from the Australian Government, through a K1.5 billion financial package under its Australian Infrastructure Financing Facility for the Pacific (AIFFP).

K126m Paid To State During Pandemic

This payment represents the taxes for 2019 to 2021 and dividend payments for the 2019 and 2020 fiscal years.

PNG Ports Managing Director, Fego Kiniafa, said these payments have been made since the declaration of the pandemic in March 2020, to help cushion the effects of the pandemic on the PNG economy.

 “PNG Ports, as a responsible corporate citizen, has been faithful in paying its dues to the State, through the Internal Revenue Commission and Kumul Consolidated Holdings,” said Kiniafa.

PNG Ports pays over K28m in tax

The payment is expected to assist the Government alleviate the impact of COVID-19 on the country.

The presentation was made this week to the Government by PNG Ports Board Chairman, Kepas Wali.

PNG Ports Limited paid K28, 467, 878.42 million to the government for taxes owing from last year as well as an advance tax payment for this year.

This along with K15 million paid earlier this year, makes PNG Ports one of the few companies to pay such a significant amount during the pandemic and the only company to make an advance tax payment.

​PNG Ports aids HB families

In a statement announcing its support to the Hanuabada fire appeal, chairman Nathaniel Poiya said the ‘Big Village’ was an important stakeholder and the company will help in anyway it can to ease the suffering inflicted on the villagers.

Poiya said this when presenting K20,000 to representatives of the Hanuabada Fire Appeal.

PNG Ports is among several companies to assist following the devastating fire that destroyed 18 homes and displaced more than 200 people.

Poiya and Managing Director, Stanley Alphonse, conveyed their sympathies to them.