PMIZ project

PMIZ Project 2nd Phase to cost $US 156 million

Madang MP and Minister for Transport and Infrastructure, Nixon Duban clarified on Tuesday, May 10, during the Madang Provincial Assembly meeting when addressing provincial government members.

Duban told the Madang provincial assembly that PMIZ is a big project which is  being discussed by the National Government.

He further clarified that the mandate has been given to the Treasury Department and that funding would come from a National Executive Council (NEC) submission.

Kumul Consolidation Holdings to oversee PMIZ project

The Minister for Trade, Commerce and Industry Richard Maru revealed yesterday during the presentation of the “full commencement order” to the contractor, China Shenyang International Corporation (PNG) Limited to commence work on the project.

“National Executive Council on Monday approved transfer of PMIZ to Kumul Consolidated Holdings (KCH).”

The project was formally spearheaded by the Department of Trade, Commerce and Industry.

Maru said it was the right move as KHC has the expertise and resources to bring in more capital and develop the project.