Prime Minister O'Neill Committed to Resolving the PNGSDP Issue

Prime Minister Peter O’Neill reiterated today that the Government remains committed to ensuring that the assets of Papua New Guinea Sustainable Development Program are protected and safely delivered back to the people of Western province.

“We have said all along that all assets under the care of PNGSDP, including the US$1.3 billion long-term fund in Singapore, belong to the people of Western province and PNG.

“We have begun a process to have these assets returned to their rightful owners, and to be utilized for their direct benefit.

“Despite efforts by individuals with vested interest to frustrate and hinder the process we have undertaken, I am delighted that we have made a lot of progress.

“The court cases in Singapore and the international arbitration tribunal which the people of Western province won, are part of this process.”

The Prime Minister welcomed media reports that Sir Mekere Morauta was open to a speedier resolution outside of the court process.

“I welcome this gesture and I am always available for talks. It is not my practice to shut the door on anyone.

“Had Sir Mekere not walked out of the negotiations we started earlier on this issue, we would not be where we are today.

“So he has to be genuine about this.

“At the end of the day, we are talking about assets that belong to the people of Western province. They do not belong to me or Sir Mekere.”

PM O’Neill said the Ok Tedi Mine was unique case, which the government had to pursue in this manner.

“Sir Mekere created this complicated structure to deprive the people when he was Prime Minister. He must feel bound to help us undo it. Otherwise we will continue the fight in court and return these assets to the people,” the Prime Minister said.