Nerau hails State firms

Business, Normal

The National, Thursday December 24th, 2015

 Kumul Consolidated Holdings chairman Paul Nerau says the performance of State-owned entities has been pleasing this year.

Nerau said he was intrigued by their dynamics and drive, and his trips around the country this year had “left a lasting impression”.

“Whether attending the opening of new infrastructure, attending board meetings, talking to local teams or meeting young people at the launching of sporting events or scholarship programmes, I always felt open to new ideas and the desire to effectively channel the energy they bring.”

Nerau said major projects completed in the past 19 months included: 

  • The completion of the Lae Tidal Basin project;
  • Purchase of Motukea land from Curtain Brother and the relocation of Port Moresby wharf to Motukea;
  • Progressing Motukea wharf enhancement as well as the; 
  • Progressing of the Port Moresby Sewerage System Upgrading project;
  • Launching of the Ramu Two hydro project; 
  • The Lakatoi city project; and, 
  • Passing of the IPBC (Kumul Consolidated Holdings (Amendment) Act.

Nerau said 2016 would see improvements in the business model and competitiveness with new business ventures through investments in agriculture, fisheries and tourism.

“New projects mean new jobs, new training and skilling for our people, as well as new revenue streams for our nation,” Nerau said.

“Indeed, we create the future with our enthusiasm and by being open to new ideas and ways of doing things.

He urged stalkholders for their team work.   

“2016 will not be easy nor free of challenges, but I am very confident that by continuing to work as a team, we can to lay the foundation for the future of Papua New Guinea.”