Official: Govt stability vital

Business, Normal

The National, Tuesday July 14th, 2015

 THE Independent Public Business Corporation (IPBC) is committed to providing service delivery to the people, an official says.

Investment committee chairman Dr Mosey Sau said government stability was vital for the equal distribution of basic services in the country. 

Sau’s comments followed the opening of the new Motor Vehicle Insurance Ltd (MVIL) office in Lorengau, Manus, last Friday. He said given that IPBC was a shareholder of MVIL, opening of the office has proven that the Government established state companies to provide equal service delivery in the country

“All 20 provinces will access basic services of those good developments in Port Moresby,” Sau said. 

He said MVIL had been expanding to other 20 provinces with new chief executive officer Joe Wemin and board chairman Dr. Ken Ngangan (who is Finance Secretary), working towards achieving positive results.

Sau said the Government was working on supporting all state-owned entities such as PNG Power Ltd, PNG Ports Corporation, Air Niugini, MVIL and Telikom PNG. 

He added that the Government had allocated K780 million for the relocation of the Port Moresby main wharf to Motukea.

“The seven million plus population with natural resources and 800 cultures will experience improved new road infrastructure and institutions in the country,” Sau said.

“PNG has been in infant stage some years ago but is now developing as the Government ventures into businesses to earn revenue.

“In the same way, Government in privatisation started with divisions through which new companies are developing.

“Electricity and telecommunication in the country will reach rural grassroots people.”

Sau commended MVIL, Transport Department, and the Manus provincial government on the opening of the new office.