Transport

A challenging, disparate geography and low population density have created a unique set of issues for Papua New Guinea’s transport industry. Costs are high across all major modes of transport, and a lack of connectivity presents a serious challenge to doing business outside of Port Moresby. The country’s recent construction boom in the lead up to ExxonMobil’s $19bn liquefied natural gas project has not been as beneficial to public spending as initially anticipated, and budgetary shortfalls caused by low global commodities prices and a wider macroeconomic slowdown have significantly affected the delivery of planned new transport upgrades. As a result, public spending on transport is projected to further contract every year until 2021.

This chapter contains an interview with Richard Yolo, Acting Managing Director, National Airports Corporation.