Special Economic Zone

Investors Welcomed To Do Business In Manus

He was speaking during the opening of the multi-million kina Momote airport yesterday.

“Our Government has passed legislation to make Manus a special economic region in the country. Business who will invest in Manus will not pay corporate tax.

“I welcome PNG and International companies into Manus. Set up your businesses and employ our local people,” he added.

The Prime Minister said this will boost economic opportunities for people on the island province. 

“This is a way to make this airport generate more money for the country and locals.”

Major improvements for border proposed

The improvements are part of the Government’s proposed West Sepik Special Economic Zone.

Developments planned for the border will ensure that major economic investments earmarked for the province are not derailed by border security issues.

National Planning Minister, Richard Maru, and delegates of the fact-finding mission to West Sepik travelled to Wutung to inspect the PNG-Indonesia Border Post on Tuesday.

Accompanying him were Minister for Inter-Government Relations, Kevin Isifu, who is responsible for border issues, and PNGDF Commander, Gilbert Toropo.

Special Economic Zone in West Sepik

Minister for National Planning and Monitoring, Richard Maru, revealed this when he arrived in Vanimo, West Sepik Province, yesterday.

Maru is leading a Government delegation on a fact finding mission to see the development of the SEZ in Sandaun.

Accompanying Minister Maru is Minister for Provincial Affairs, Kevin Isifu, PNGDF Commander, Gilbert Toropo, Secretary Transport, Roy Mumu, Secretary for Provincial Affairs, Dickson Guinea, Water PNG Managing Director, Raka Taviri, and National and Civil Identity Registrar, Michael Kumung.

Special Economic Zone will not displace people: Andrias

He is also the chairman of the project steering committee. 

“Any project we will not displace any traditional landowners because the land is very large and does not have people sitting on it,” Andrias said.

He added that the project is a National Government funded project and currently the government is building basic infrastructures like roads and electricity lines to the project site for investor to start its feasibility studies.    

“Basic infrastructures and law and order is a prerequisite for the investor to settle and invest,” Andrias said.