Fly govt backs people

 By GYNNIE KERO

THE North Fly provincial government is firm on its decision to support locals in business activities after allocating K1 million towards an umbrella company, an official says.  

Provincial administration official Ronald Manasseh Domnai said K1 million seed capital had been allocated to an umbrella company for the Stanley Gas Condensate project.

He said the money would be used to register companies, insurance, office stationery and equipment, including start up seed capital – in order to benefit from spin off activities.

He sternly told executives of the Stanley Resources Holdings Ltd to provide acquittals according to their expenditures.

“The K1 million seed capital to umbrella company (Stanley Resources Holdings Ltd) is for registration of licensed businesses and companies. 

“We want acquittals attached with suppliers’ receipts,” he said.

Cabinet had approved the K829 million development of the Stanley gas-condensate field in Western. 

The provincial government is anticipating that the Stanley Gas Condensate Project would bring socio and economic developments to Kiunga and the province.

“The project will benefit the people through equities and royalties, next project is the Elevala/Ketu we are going to push through,” he said.

A Stanley project partner, Carmichael Builders said it was committed to working with the umbrella company on a 50-50 joint venture.

Director Tony Carmichael said the company had plenty of ideas to initiate but had to win its project first.

“We are not about projects from overseas. Our plan is to build the product in the area, so that it up skills people here. 

“We want to use locals here, what products you have available and can offer,” he said.

Carmichael Builders had established a hard earn reputation.