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By Staff Reporter : PNG Today

CSYIC to kick start work on PMIZ project

Minister for Trade Commerce and Industry Richard Maru today presented the Commencement Order of the construction phase of the PMIZ project in Madang Province to Contractor China Shenyang International Economical and Technical Corporation Limited (CSYIC).
Minister Maru said main components to be covered will be the main wharf, fish ponds, and disposal area and sewerage system.
The Project will be constructed at the cost of US$95million (K286million) and additional funds will come from Kumul Consolidated Holdings (KHC) that has been given the responsibility to deliver the project.
The Minister also challenged CSYIC to engaged local workers in the project because the issue of locals complaining about not being employed in the project has been one of the major aspect of the hindrance to the project.
He said the NEC has transferred the ownership of PMIZ Project to Kumul Consolidated Holdings and the Trade Commerce and Industry Ministry will only be responsible for the policy framework of the project.
Maru urged CSYIC to work closely with KCH to deliver the project as the project remains the highest priority of the Government.
KCH General Manager – Investments Mr Lutz Heim assured the Minister the KCH will be working closely with CSYIC to deliver the project.
He said KCH wanted the project to be done properly so that it will go a long way to benefit the people of Madang and this Nation. Heim is also confident that the project will be completed on time and on budget.
Meanwhile, Deputy President of CSYIC Terry Wang said that they will deliver the project and assured Minister Maru that CSYIC will also employ locals in the project. PNGFM / PNG Today

Posted by Staff Reporter : PNG Today on 10:15 PM. Filed under , . You can follow any responses to this entry through the RSS 2.0. Share this Article

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