SEZ

He said this yesterday, while receiving gifts from the people of Kikori, to thank him for accepting their invitation and visiting their district to launch the Ihu SEZ recently.

Marape said the country’s current National Budget was unable to fully support such big projects, therefore, the Government would support through policy directives that will enable private investors to invest in the project.

“Government will help in ensuring that the policy environment and framework is there to support work in establishing Special Economic Zones,” he said.

That is the guarantee from the developer of the Sepik Chicken, Grain and Cocoa project, Innovative Agro Industry (IAI).

IAI chairman Ilan Weiss said the eggs will be the first produce from the project to be sold and could be hitting the shelves in June or July 2017, followed by chickens.

The surrounding communities will greatly benefit from the project because majority of the stock feeds’ source of cassava and corn, and also chicken, will be bought from outgrowers to support the factory supply.

“Kanawi land was surrendered to the State in 1972. It has been lying idle for nearly 43 years until this day the foundation investor sets foot on to make it the land of milk and honey,” Andrias told the people at the launched of the project on Wednesday at Yangoru Station.

The K55 million project will be developed by Kumul Consolidated Holdings Limited (KCHL) representing the State and developer, Innovative Agro industry (IAI).

IAI is a subsidiary of LR Group of Israel.