ABOUT THIS EVENT
Pacific Trade Invest and Austrade invite you to participate in the Papua New Guinea Infrastructure Mission. This mission is designed to identify and target opportunities in the infrastructure sector, including those being financed by the major international aid donors.
Papua New Guinea (PNG), with support from its key development partners, plans to spend a significant amount of money on infrastructure projects in the transport, energy, water, communications and general construction sectors over the next two years. Much of the infrastructure in PNG is old and in need of replacement or better maintenance. Australia is well placed to provide the products and services needed to participate in new projects or assist in maintaining the existing infrastructure.
Date: 20 – 22 September
Location: Port Moresby, Papua New Guinea
Apply by: 30th August 2016
WHY YOU SHOULD PARTICIPATE
Secure high level access to key decision makers in both industry and government.
Gain an understanding of opportunities in PNG.
Meet potential partners.
Identify potential opportunities expected to flow from future projects.
Develop a better understanding of PNG and the requirements to undertake business successfully in this market.
MARKET OPPORTUNITIES AND INSIGHTS
The PNG Government remains committed to the development of infrastructure
The Government has allocated more then Kina 1.3 billion (around A$550 million) in its 2016 National budget for the maintenance and construction of roads, development of the power grid, hospital and airport upgrades, an enhanced communications network and early preparation of APEC 2018.
Investment in infrastructure is also a key element of the international aid support that PNG received. Australia is PNG’s largest bilateral aid donor (A$477 million in 2016-17). Nearly A$200 million of this will be spent on infrastructure, including major investments in transport and social infrastructure. Australia’s infrastructure investment will include a mix of both construction and maintenance activities.
Asian Development Bank is the largest contributor of multilateral aid to PNG with active loan currently totaling about US$1.1 billion, focusing its attention on transport, energy, telecommunications and health. In 2015-16 ADB funded more than US$100 million infrastructure contracts.
The world Bank portfolio of activities in PNG is currently valued at US$300 million, of which around US$190 million has been allocated for projects in the transport, energy and telecommunication sectors.
Further information can be obtain from the flyer or by contacting Chad Morris, Investment and Tourism Manager – [email protected]pacifictradeinvest.com