LLG and Riback team up

THE Lae urban local level government (LULLG) has gone into joint venture with Riback Stevedores Ltd for the company to develop its portion of the old Lae airport land under its urban development lease.
The LULLG’s urban development lease expires next July.
Until then, Riback’s general manager Peter Boyd said the company has plans to develop the land into an industrial sub-division to meet the UDL.
Since October, the company has been operating and managing 15ha (150,000 m2) of section 359 of the old airport.  
Mr Boyd said with congestion at the Lae wharf, the company has been using the airport land as storage space.
 He said last Nov 27; the Morobe physical planning board also gave unlimited use of the tarmac on the left side of section 359 of the airport.
Mr Boyd said this area had also been used to store containers holding whole range project cargoes for the company’s clients.
He said  when developed, the tarmac could be a viable storage area for the LNG cargo.