What impact do fluctuations in global commodity prices have on the Port Moresby real estate market?
What impact do fluctuations in global commodity prices have on the Port Moresby real estate market?
Roads are critical for economic growth and inclusive development in Papua New Guinea. By providing access to employment, health and education services, roads stimulate economic activity and enhance competitiveness, while poor roads isolate communities and compromise national security. Road infrastructure is therefore considered to be both a key strategic asset and essential...
Improving internal air connectivity has been identified as a priority for government in Papua New Guinea. Under the Medium-Term Development Plan (MTDP) there are a number of key targets to be achieved by 2030. These include: ensuring all 22 national airports meet international safety standards, upgrading 10 domestic airports to handle large jet planes and rehabilitating 50...
The quality of a destination’s transport infrastructure is key to attracting foreign investment. In Papua New Guinea this is an area with room for improvement. The poor condition of roads, ports and airports has raised the cost of doing business and rendered a number of sectors of the economy increasingly uncompetitive. Because of this, inland transport costs currently account...
After a series of delays and missed deadlines, the government signed a deal with France’s Total, US-headquartered ExxonMobil and Papua New Guinea-based Oil Search in April 2019 for the development of a $13bn greenfield liquefied natural gas (LNG) project known as Papua LNG. The news was welcomed by foreign investors and marked a milestone for the country ‘s energy sector....
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