3 businesses plan on Tari

Business, Main Stories

AT LEAST three reputable business organisations have unveiled plans to establish branches and properties in Tari, Soutern Highlands  region.
They also expressed interest in the PNG liquefied natural gas (LNG) project.
However, all this depends on the Hela people and how they deal with the law and order concerns in the province – a factor that would decide whether or not business would really come in for good.
Tari Pori MP and Education Minister James Marape recently told the people to take advantage of the opportunities in spin-off businesses to be generated by the gas project.
One of such entities is the National Development Bank (NDB) which plans to construct a two-storey building office complex worth K5 million, managing director Richard Maru said.
The project, however, needed an approval from the National Executive Council, he said.
“I commend the NDB board in their bold move to open up a new branch in Tari despite pressing law and order problems,” Mr Marape said, adding that apart from giving out loans, NDB would operate as a full-fledged bank with services like passbook savings account, micro finance and others.
Toyota dealer, Ela Motors Toyota Tsusho (PNG) Ltd, also plans to open a branch in Tari, Mr Marape said.
Ela Motors, according to chief executive David Purcell, expected an increase in its business by 30% in the next 18 months from vehicle sales, with demands coming from the PNG LNG project.
Mr Marape urged the people to respect and maintain law and order in Tari and the Hela region and make use of business opportunities to improve their income.
He said the NDB branch would enable potential Tari businessmen and women seek loans for small-scale businesses such as growing coffee, vegetable farming, poultry, husbandry, trade stores, guest houses and public transport services, among others.
Another company, Kenmore Industrial Division, announced last December that it would construct a new K40 million steel factory in Tari this year.