City invites ‘business partners’


NATIONAL Capital District (NCD) Governor Powes Parkop has invited potential investors to partner National Capital District Commission (NCDC) to develop some “prime areas” in the city.
Parkop made the comment yesterday during the official opening of the Rangeview Plaza in Port Moresby, of which National Capital District Commission (NCDC) is a partner in the investment.
He said the NCDC board had approved other developments including the current carpark land between City Hall and Vulupindi House, the balance of the land at the back of City Hall, the balance of the land at 9-Mile which used to host the old 9-Mile Market and the old road to McGregor Barracks.
“We are really developing that area (old 9-Mile market).
“Great opportunity for investment taking place there.
“We are ready for any investors and developers for a win-win outcome.
“We will continue to keep our focus to fulfil our vision as part of our urban development plans 2030 where all settlements will be converted to suburbs, including converting these central locations to be great hubs for our city, our country and our people.
“We are also looking forward to stage two of Ela Beach redevelopment plan.
“We will expand the current beach all the way to Koki Fish Market.
“We are open to commercial ideas as well. There is a great potential at the major hub of our city.
“It will be a win-win if you invest in this very prime land that guarantees return on investment and of course, revenue for the capital city for NCDC.
“NCD has been depending on basically GST (goods and services tax).
“We are now venturing to expand on our revenue base so we can do more for Port Moresby.”