NEW MONIER CONSTRUCTION MATERIAL PLANT

The Prime Minister, Hon. Peter O’Neill CMG MP, has praised ongoing investment in Papua New Guinea’s construction sector as he officially commissioned the new 45 million Kina gravel and vertical cast pipe plant owned by Monier Limited.

In opening the plant, at the Nebiri and Rouna Quarries near Port Moresby, PM O’Neill said the construction sector will continue to grow and employ thousands more Papua New Guineans as the economy expands.

“I thank Monier and the Constantino Group for the confidence they continue to display in our country and our economy,” the Prime Minister said.

“It is certainly an investment that is needed in the construction industry in Papua New Guinea.

“This plant and machinery will continue to build Papua New Guinea with so much business expansion taking place.

“Not only do we have the construction phase of the new Papua LNG facility to start, but there is a boom in house construction and many businesses are expanding their facilities and offices.

“With growth at around 15 per cent, companies have confidence in making more investments in their businesses.

“We know the economy is doing very well, and we can see the growth of businesses over the past 10 or 14 years as the economy has continued to grow.

“This is the right time to invest in our country and many companies are making the decision to increase their investment in Papua New Guinea.

“This includes businesses that are already in Papua New Guinea, and companies around the world that are only now learning of the opportunity that exists in our country.”

PM O’Neill thanked the Constantino Group, which employs more than 3,000 Papua New Guineans, for putting food on the tables of so many families and for its contribution to national growth.

Pictures courtesy of PMs Media Unit.