In September 2018 the Parliament passed the National Procurement Act (NPA) 2018, which abolished the Central Supply and Tenders Board (CSTB) and replaced it with the new National Procurement Commission (NPC). The decision dissolved the public procurement framework previously set out in the Public Finances (Management) Act 1995. Under the new act all public procurement...
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Articles & Analysis | New law grants on bidding for public construction contracts in Papua New Guinea from The Report: Papua New Guinea 2019
Articles & Analysis | China’s implementation of a new trade network is energising the global construction industry from The Report: Papua New Guinea 2019
From 206 BCE to 220 CE China’s Han dynasty fostered a booming trade industry for silk, a precious commodity in high demand among the elites of the Mediterranean. The Silk Road was the name given to the network of trade routes connecting the East and West at the time. Later, spices and other precious cargo would be traded using the system, fostering not only economic, but also...
Articles & Analysis | Public works projects accelerate construction sector in Papua New Guinea from The Report: Papua New Guinea 2019
Papua New Guinea’s hosting of the 2018 APEC Leaders’ Summit proved to be something of a catalyst for the construction sector. Although the authorities had to mitigate the shortage of high-end hotels in the capital city by hiring cruise liners to accommodate international delegates attending the event, a host of construction projects were launched to meet the other...
Articles & Analysis | Affordable housing projects under way in Papua New Guinea, but broader efforts needed to stimulate market from The Report: Papua New Guinea 2019
Although the completion of Papua New Guinea’s flagship liquefied natural gas (LNG) project, PNG LNG, in 2014 ended the boom witnessed in the real estate sector, the momentum provided by increased construction activity between 2008 and 2014 continues to support the market. The commercial real estate sector in the capital Port Moresby has undertaken some notable projects in...
Interviews & Viewpoints | Ken Richardson, General Manager, Strickland Real Estate: Interview from The Report: Papua New Guinea 2019
What impact do fluctuations in global commodity prices have on the Port Moresby real estate market?
Chapter | Construction & Real Estate from The Report: Papua New Guinea 2019
Papua New Guinea’s hosting of the 2018 APEC Leaders’ Summit proved to be something of a catalyst for the construction sector. Although the authorities had to mitigate the shortage of high-end hotels in the capital city by hiring cruise liners to accommodate international delegates attending the event, a host of construction projects were launched to meet the other infrastructure needs of the...