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May 6th 2011
Posted by rait man

By PMIZ Watcher

While the Papua New Guinea government has recently reaffirmed its commitment to the Pacific Marine Industrial Zone project in Madang, despite some vociferous local opposition [1], it seems major international companies are rejecting the project and choosing instead to invest in Lae.

The government claims that the PMIZ will become a major hub for tuna processing in the Pacific region with up to 10 processing factories that will create 30,000 jobs.

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June 29th 2010
Posted by rait man

Controversial plans for PNG’s first Special Economic Zone, the Pacific Marine Industrial Zone in Madang, have hit a legal hurdle.

Although the government had negotiated a $180 million loan from the Chinese government to fund the building of the industrial park, that loan is in breach of PNG law. This is because under the loan agreement one particular Chinese company will get to build the park and 70% of the loan monies have to be spent on Chinese goods and services. This breaches PNG laws that require open and competitive bidding process that includes at least 3 companies.

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April 8th 2010
Posted by rait man

One hundred police and their families have been left homeless in Lae after health authorities declared the Bumbu police barracks unfit for human habitation.

In an inspection carried out on Tuesday it was found the houses were infested with termites, there was a serious sewerage overflow and no power or water supplies. 

It is reported that the houses have received no major maintenance since they were constructed in the 1960's and two homes recently collapsed on top of sleeping families. 

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