PNG PM Marape considers lifting Restrictions to Foreign Investors
Papua New Guinea Prime Minister, James Marape, MP intends to open up the country for business despite the threat of Coronavirus (COVID-19) globally.
“The COVID-19 disease must not kill the country’s economy and the Marape-Steven Government’s service delivery to our people. Under the National Pandemic Act, specifically on localised control based on medical evidence will now be exercised but our people’s livelihood, commerce and trade must continue on in our country,” the Prime
Minister Marape said.
The Prime Minister mentioned that yesterday (23/06/20) in relation to the arrival of the four (4) Chinese businessmen adding that the COVID-19 travel requirements were implemented and proper quarantine measures were prescribed before they were allowed into PNG.
“This now will apply to any business delegation who wishes to travel to PNG for investment purpose."
Meanwhile, Prime Minister Marape and Mining Minister Johnson Tuke are in Lae today for the initial preliminary meeting with Morobe Provincial Government and landowners of Wafi Golpu Mining areas on basic principles of distributing benefits as the National Government prepares to net project developers.
In light of recent amendments to Mining Act and Oil and Gas Act, Prime Minister Marape assures all existing investors that his Government is not changing the goal post. However, the present Mining Act will govern the framework of the Wafi Golpu Mining contract that should be secured after negotiations.
The Marape-Steven Government wants to advance Wafi Golpu, Porgera, P’Nyang and Pasca projects before the third quarter of this year in as far as these projects development is concerned, the Prime Minister
said.
“And to our provincial governments and landowners in those resource areas, please be rest assured that our Government will give you a fairer share within what the State secures from negotiations with developers,” Prime Minister Marape said.
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