Increased investment in transport infrastructure is expected to provide a boost to Papua New Guinea’s logistics sector, with new, long-term projects set to improve connectivity and support government plans to expand targeted industries.
Papua New Guinea Transport
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New investment in airport infrastructure should help drive growth in Papua New Guinea’s aviation sector ahead of the Asia-Pacific Economic Cooperation (APEC) summit the country is scheduled to host next year, helping offset a recent drop in earnings.
The transport networks serving Papua New Guinea are set to receive a $1bn overhaul as the country moves to install the infrastructure needed for the next phase of its economic development.
With the construction phase of Papua New Guinea’s (PNG’s) liquefied natural gas (LNG) project nearing completion, the government is poised to roll out a maritime transport programme to support its bid to diversify economic interests. The far-reaching plans include overhauling ports, expanding capacity and, in some instances, relocating facilities or building new outlets to meet rising demand.
The $15bn Exxon-Mobil-led liquefied natural gas (LNG) project has provided the catalyst for Papua New Guinea’s (PNG’s) transport sector’s first major overhaul since gaining independence 37 years ago. Guided by the PNG Development Strategic Plan (PNGDSP) and “Vision 2050”, LNG revenues are already funding an overhaul of national land, sea and air capabilities.