K100 MILLION ANNOUNCED FOR PMIZ
Prime Minister, James Marape says he wants Madang to grow into an economic hub for Papua New Guinea.
He said this when announcing funding of K100 million for the Pacific Marine Industrial Zone (PMIZ) before front of hundreds of people at Walium Station in Usino-Bundi on Thursday (March 17 2022).
PM Marape said hundreds of millions of kina for the PMIZ had been squandered during the terms of the past two governments, with nothing to show for, and assured the people that this would not happen again.
He said the project would be managed by the National Fisheries Authority and the K100 million, included in the 2022 Budget, had already been allocated.
The PMIZ project was first mooted in 2004, and launched by the O’Neill government in 2015, but nothing has happened with hundreds of millions of kina wasted.
“I want Madang to grow into an economic powerhouse in the country,” PM Marape said.
“The National Government will spearhead this and I appeal to the Madang people to support us in this drive.”
PM Marape assured the people of Madang that the mistakes of the past two governments would not be repeated.
“We are doing it (PMIZ) much better (than previous governments),” he said.
“This year, for the first time, we are putting K100 million into the PMIZ project.
“We will be making the PMIZ project come to life for the first time.”