Transport Funding Up By 2.1 %
BY MIRIAM ZARRIGA
The transport sector will receive K937 million, which is 2.1 per cent higher than the 2017 Supplementary Budget, and makes up 6.4 per cent of the 2018 Budget.
This consists of K642 million in capital and K294 million in operational expenditure.
The transport sector has always been the top priority spending of the Government’s capital budget.
As a critical enabler that provides access to markets and other essential services to the people, the sector gets the second largest funding allocation after provincial sectors because of the SIP funding.
According to National Planning Minister Richard Maru in the presentation of the Public Investment Program yesterday, the transport sector big ticket item in 2018 include the Jackson Airport runway upgrade for K50 million in preparation for APEC Leaders’ Summit in Port Moresby.
“The Government will spend K370 million to invest in critical roads, bridges programs, key missing link roads, and airports while loans and grants pick up over K340 million to complement the investment in the sector.”
Deputy Prime Minister Charles Abel said in his Budget speech that the programs and projects implemented this year would continue next year.
“These transport programs include the continuous investment on upgrading and maintenance of the national priority roads, plus construction of missing links, district commodity roads, and the Civil Aviation investment development program.
“In the medium term, roads, bridges, ports and airports/airstrips will be targeted towards the untapped economic potential areas to stimulate economic growth.”
The ADB-funded Highlands Highway rehabilitation program starts next year, rural jetties gets K20 million, oil palm roads K15 million, the rural airstrips authority gets K6 million, Mr Abel said.
Post-Courier.com.pg – 30.11.2017