According to Australia’s consul general Mark Fox, the country is contributing more than K1 billion to the development of Morobe’s port and road infrastructure.
According to Fox, investment in the industries was essential to propel the economy because of the province’s contribution to PNG’s economic growth.
Australia is dedicated to providing high-quality infrastructure to support enterprises in the province, he said during a breakfast meeting with Lae’s business commun ity.
According to Fox, K56 million has been allocated for the Wau Highway’s long-term upkeep in order to cut down on travel time and costs for nearby enterprises.
Sections one and two of the trans-national highway will be supported with the help of another A$300 million (or K690 million) from the Australian Infrastructure Financing Facility for the Pacific.
In order to enhance the efficiency of the supply networks connecting the highlands to the ports in Lae and Madang, PNG Ports is also attempting to construct an inland town.
