The first phase of an upgrade of Lae Port is complete, paving the way for a boost in cargo throughput at the country’s most important port.
Papua New Guinea’s (PNG) Prime Minister Peter O’Neill, other senior government officials, representatives from Asian Development Bank (ADB) and the Independent Public Business Corporation (IPBC) last week joined the people of Lae to celebrate the completion of the initial phase of the development project.
“ ADB has maintained a long and active presence in PNG supporting priority infrastructure investments such as the Lae Port Development Project, which aims to boost inclusive and environmentally sustainable economic growth ,” said Marcelo Minc, Country Director of ADB’s PNG Resident Mission. “ The strong partnership between ADB, the Government of PNG, and IPBC resulted in the project being delivered ahead of time and on budget.”
“Infrastructure developments such as the Lae Tidal Basin are crucial to the development of Papua New Guinea. The Lae Tidal Basin with two additional container berths will result in the tripling of capacity of the Lae Port, as a third berth has also recently been added to the existing facility,” said Wasantha Kumarasiri, Managing Director of the IPBC . “IPBC is committed to working with our development partners such as ADB in delivering such infrastructure projects as the Lae Tidal Basin in a timely and cost-effective manner,” he added.
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Press Release