K300m Project Set to Boost Industry
May 5, 2017BY MELISHA YAFOI
THE K306 million Kairak nucleus oil palm development project in East New Britain Province is expected to be a boost for the industry.
The agreement for this project was signed yesterday at the Government House in Port Moresby between the East New Britain provincial government, Trade, Commerce and Industry on behalf of the state and developer, Malaysian company Tzen.
East New Britain Governor Eremas ToBaining Jr said the project would not only benefit the host districts of Gazelle and Pomio but the country when in full production.
This project is established in Gazelle of East New Britain province and its primary role is to establish oil palm production and processing of oil as well as improving infrastructure and construction of roads from Gazelle to Pomio and Rabaul to, Kokopo under the public-private partnership.
The contribution of the industry to the province is about K1 million a fortnight in wages of the people and the employees in the districts of Pomio and Gazelle.
“This is the first year and when mill is commissioned, it will support the existing mill in Masarau and we are looking forward to the years ahead that the contribution in the oil palm industry will boost the entire country,” he said.
Mr ToBaining said that the provincial executive council has come up with a decision and a policy in the past decisions that at the end of the day, there must be a win-win situation for everyone, meaning stakeholders, developer and the provincial government must be included in what is taking in the industry.