Going private in Papua

The Papua New Guinea Government has secured another US$85M supplementary loan from the Asian Development Bank (ADB) to complete expansion work at the country’s busiest container port, Lae.

Portek International has signed an agreement to collaborate with Papua New Guinea Ports Corporation Limited in Lae and Port Moresby

Maintaining its reputation as a dangerous place for shipping misadventure, Papua New Guinea issued an unusual warning in early October – watch out for container loads of explosives and frozen chickens.

The new Papua New Guinea government has frozen the sale of the country’s ports just days after its predecessor announced a preferred tenderer.

The Papua New Guinea government hopes to complete the privatisation of the country’s ports by May 31, although no details of prospective buyers have been revealed.