Giant Industrial Park

K12 billion industrial park for PNG planned

International news agency, Reuters, reports that a statement emailed to them from Treasurer Patrick Pruaitch, confirmed the signing of the MOU with investors from Shenzen Province, China’s third largest city, worth $4 billion (K11, 979, 634, 621.14).

The MOU paves way for the building of a series of processing and manufacturing plants at two industrial parks in West Sepik Province, in a dense jungle region 30 kms (20 miles) from the Indonesian border.

These includes large-scale processing of timber products, fisheries, cassava and tropical spices at one park.