Plans to rebuild CBD

 THE government will get assistance from Korea to rebuild Downtown Port Moresby, the capital’s central business district (CBD), Public Enterprises and State Investments Minister Ben Micah said.

Micah said on Friday that it was part of the government’s plan to relocate the city’s main wharf and building the city business centre and Fairfax Harbour into a world class recreational and business centre.

Speaking at the one-day inaugural PNG Korea Trade and Investment Fair in Port Moresby, he said state owned entities (SOEs) would lead discussions with Korean State businesses and partner with them to adapt a high standards work culture.

The fair and energy meeting coincided with the arrival of the PNG LNG Gas carrier ‘The Hela Spirit”, built in South Korea, to transport Papua New Guinea’s first LNG produce to overseas markets. Korean company Daewoo were instrumental in constructing the LNG production site outside Port Moresby.

Meanwhile, Prime Minister Peter O’Neill announced that discussions would begin for direct flights between South Korea and Port Moresby.

He urged delegation leader and Korea’s Energy Commerce and Industry vice-Minister Han Jin-Hyeon to buy PNG Gas and invest in business opportunities in the country.

O’Neill said his government would invest heavily in public housing next year and wants Korea’s investment in this area.

Jin-Hyeon said he would make sure Korea gave the best quality services and companies to Papua New Guinea. O’Neill wants the Trade and Investment Fair and the Energy meeting to be an annual event.