PM heaps praise for investment in sector

 PRIME Minister Peter O’Neill has praised ongoing investment in Papua New Guinea’s construction sector when he officially commissioned a new K45 million gravel and vertical cast pipe plant owned by Monier Ltd.

In opening the plant, at the Nebiri and Rouna Quarries near Port Moresby last Friday, O’Neill said the construction sector would continue to grow and employ thousands more Papua New Guineans as the economy expanded.

“I thank Monier and the Constantino Group for the confidence they continue to display in our country and our economy,” O’Neill said.

“It is certainly an investment that is needed in the construction industry in Papua New Guinea.

“This plant and machinery will continue to build Papua New Guinea with so much business expansion taking place.

“Not only do we have the construction phase of the new Papua LNG facility to start, but there is a boom in house construction and many businesses are expanding their facilities and offices.

“With growth at around 15 per cent, companies have confidence in making more investments in their businesses.”