Plans in place to develop sea front in Port Moresby

Business

THERE are plans in place to develop the sea front in Downtown, Port Moresby, including a cruise ship terminal, according to Kumul Consolidated Holdings (KCH).
This is a long term plan, to be developed in the years to come, says KCH chief operating officer Gary Seddon.
“KCH is driving a property programme that it is looking at once the area is being rezoned,” Seddon told The National yesterday.
The area used to be the old wharf, and is now used in storing vehicles including the Maserati’s that were used during Apec last year.
“We are looking at developing a new waterfront outlook for the CBD (central business district) area, and that will be a combination of commercial property, shops, restaurants, residential property, town houses, apartments and also public areas, museums and so on, the type of foreshore that you would expect to see in a growing and emerging market, that is PNG,” he said.
Seddon said KCH was also looking at establishing a cruise ship terminal to build on Port Moresby as a tourism product and destination for cruise ships, which were already visiting parts of Papua New Guinea such as Milne Bay, East New Britain, East Sepik and Madang. He said this was the future plan to complement the Paga Hill ring road development.
“It is going to be a massive piece of property so we have not yet on decided on how best to develop it,” he said.
“Whether we do it ourselves or whether we do it has part of a public private partnership, joint-venture with an international or a domestic developer, whether you partly sell off the property.
“So there are a lot of different options that can be considered.
“When we have a project of this size and scale, a number of different approvals from the various different agencies that preside over this, we have to make sure that the project and concept is one that delivers best value to the city, recognising the impact community that delivers the best outcome for the city and there are a number of things that will have to be considered.”

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