Tag Archives: Investment

Papua New Guinea Expresses Gratitude for Australian Support

 

The Prime Minister, Hon. Peter O’Neill CMG MP, has welcomed ongoing partnership activities between Papua New Guinea and Australia that are building capacity in healthcare, and providing ongoing support for the hosting of APEC in 2018.

 

 

Following a courtesy call by H.E. Bruce Davis, Australia’s High Commissioner to Papua New Guinea on Friday, PM O’Neill said the bilateral relationship with Australia continues to strengthen.

 

 

“The ongoing co-operation between our two Governments is very strong which is also enhancing business links, and delivering capacity building support,” PM O’Neill said.

 

 

“Australia’s commitment to improving healthcare in Papua New Guinea is delivering tangible results, particularly in dealing with diseases such as HIV/AIDs and tuberculosis.

 

 

“Co-operation activities are underway, together with World Bank support, to deal with TB in areas that include Western Province, Gulf Province and Port Moresby, and this is saving lives.

 

 

“We thank Australia for this ongoing healthcare co-operation that is also strengthening infrastructure and service delivery.

 

 

“Current projects include the new nursing school, dental clinic and maternal and child health ward at Angau Hospital.”

 

 

PM O’Neill said Australian support and co-operation is particularly important as Papua New Guinea prepares to host APEC.

 

 

“In 2018 the leaders of APEC’s 20 other Member Economies, together with more than 15 thousand delegates, will come to Papua New Guinea.

 

 

“This is an enormous logistical undertaking, and Australia is providing support that is building our capacity, particularly in the area of safety and security.

 

 

“I have expressed my appreciation to High Commissioner Davis for the support that Australia is providing, including the allocation of Australian Federal Police in a training and mentoring capacity.

 

 

“Papua New Guinea will deliver a very safe and successful APEC year and Leader’s Summit in 2018, and we thank Australia for their ongoing contribution.”

 

 

During the courtesy call the Prime Minister and High Commissioner further discussed the closure of the Manus Regional Processing Centre, that is underway as planned, and the outcome and processes of the 2017 National Election.

 

 

The Prime Minister advised that a review of the election is due to begin, from which lessons learnt will be considered.

 

 

As part of this review the Papua New Guinea Electoral Commission will seek perspectives and advice from its counterpart, the Australia Electoral Commission.

Corporation keen to train cadets

Corporation keen to train cadets

The Coffee Industry Corporation (CIC) is looking forward to train more students in tertiary institutions under its industrial and cadetship programmes.

 
CIC’s human resources officer Leks Paul said they have an ongoing programme to train graduates and current students in tertiary institutions studying agricultural-related courses through internships and cadetships.

 
“We have two programmes for developing graduates, the industrial or internship, and cadetship programmes,” Paul said.
“In cadetship programmes, we do hire graduates for two to three years employment.”
He said after the training, the graduates were brought into the corporation based on their performance.

 
Under industrial training, students were given hands-on experience out in the field during their breaks.

 
Paul said the industry assisted students do their research, reports and final-year projects as aprerequisite for their university studies.

 
“The industry is interested in encouraging graduate programmes to develop and train the next generation of human resources.”

 
Paul said the corporation took in graduates under the programme based on institutions producing agricultural graduates for their development. He said they
also took in students studying finance, management and administration courses under the programmes for non-agricultural institutions.

 
Paul was at the University of Technology career fair last Friday in Lae promoting the corporation’s programme in human resource development.
He said the programme was ongoing and as long as institutions produced graduates
that they would always take students in for training and development.

Borrowing for Progress

Highway redeveloped at K145m and renamed Sir Reuben Taureka

BY TONY SII

The Government will continue to borrow and invest in infrastructure despite “negative criticisms” on more international borrowings, Prime Minister Peter O’Neill said yesterday.

Mr O’Neill said this during the opening of the redeveloped Six-Mile to Bautama section of the Magi Highway from Moresby South to Central Province which he renamed Sir Reuben Taureka Highway.

This 12km stretch cost more than K145 million to build.

Highway open1

“When you make such a negative criticism that is not constructive, then all you simply do is make me more stubborn. That means I’m on the right path, so I will build more roads, schools, hospitals, airports, and infrastructure for our people,” the prime minster said.

“We are borrowing more money because we are able to repay that money; we have never defaulted on all our loans all this time since independence in 1975. Our economy has almost doubled over the last five years, meaning that we have the capacity to repay those loans.”

Mr O’Neill said bankers would not lend PNG money if PNG did not have the ability to repay the loan – “that is common sense, not only for government but businesses as well as. That’s why Papua New Guineans must not be afraid of this issue about loans,” he added.

He said 99 percent of the countries in the world borrow money to build infrastructure to grow the economy and develop their country, and Papua New Guinea was no exception.

“They don’t do it any other way if there is any other solutions, believe me I would have already found out. I’m not blind, I am not stupid. I know exactly what I am doing, and that is why we are continuing to build infrastructure to serve you,” Mr O’Neill said.

“The construction industry employs thousands of Papua New Guineans, that is why we must put more money into construction, not only in Port Moresby but right throughout the country.

“We know that Highlands and some of our national highways are big problems. Two weeks ago our government gave a contract to Dekenai Constriction to maintain the road from Laloki Bridge to Kerema.

“Today you can ride from Port Moresby to Kerema on a sealed road, but potholes are still there.

“We want zero potholes on all these highways throughout the country. That’s the beginning that we have partnered with World Bank to do so,” he said.

Prime Minister O’Neill said his government had delivered a lot in terms of infrastructure and basic services in the past five years, compared to previous governments.

“In the last government between 1999 and 2011 when the country had so many trust accounts and so many billions of kina sitting in these accounts, what did they build?

“These same people want to lead your country; you ask them what they have built. They have built nothing, zero; not one road, bridge, school, hospital.”

http://postcourier.com.pg/borrowing-for-progress/