Tag Archives: Alotau Accord 2

Reviving plantations priority for industry

August 21, 2017

Source: The National

TRADE, Commerce and Industry Minister Wera Mori says the department aims to revive plantations to be managed by family units.

Mori met with department officials, staff of the Investment Promotion Authority, small to medium enterprise corporation and corporative society division last Thursday for a briefing.

He said the Alotau Accord Two focused on economy recovery as a priority.

“It is incumbent on us to make sure we have appropriate policies to stimulate investment in the country,” he said.

Mori said this idea was important because as a consequence of the demise of plantations over the last 30 to 35 years.

“The country had lost valuable revenue.

“Plantations whether it be coffee, cocoa or coconut will be managed under estate-type management,” he said.

“A plantation will be divided into portions of two or three hectares and given to family groups.

“Each family group to own one unit where we might see a plantation with 10 or 15 units.

“Other plantations with 20 or 30 units and they will come under the auspicious of a corporate society and will be managed that way with a central processing plant.

“Under this arrangement, it will be able to address many of the problems that have been faced in the past.

“They will be managed by national management companies.”

Discussions underway to build LNG port in Gulf

August 16, 2017

Source: The National

A PORT to be used for the shipment of liquefied natural gas (LNG) overseas may be built in Gulf, according to Governor Chris Haiveta.

He said in Port Moresby on Monday that the Gulf port would serve as an alternative to the Lae port which was the biggest in the country.

“We will take our cue from the Alotau Accord 2,” he said.

“We would like to develop an LNG port in the province as an alternative gateway to Lae.”

He re-emphasised the province’s position that it will not support the piping out of LNG to Caution Bay in Central for shipment.

He said they wanted benefits from the Papua LNG project to be retained in the province, given the experience of past projects including the PNG LNG project.

Haiveta estimated that outstanding benefits owed to Gulf from previous projects including royalties and other benefits to be more than K100 million.

He is yet to discuss with Total SA, the operator of the Papua LNG, the province’s position on the pipeline.

Haiveta said some documents regarding the project needed to be replaced as the files were old or damaged.

Records going back to the establishment of the first interim provincial government and the first provincial government needed to be properly organised and filed, he said.

“That’s what my officers said. So Gulf will have to rebuild our legacy and history again from zero.

“We have to come to the provincial affairs and get provincial laws and acts and start from there.”


Government to establish a Gold Bullion Bank

The Coalition Government of Papua New Guinea has agreed to setup a Gold Bullion Bank for Papua New Guinea in the Alotau Accord 2 Agreement that it’s MP’s signed in Alotau.

As Part of its promised for its people and to strengthen the National Economy and it’s local currency, the Alotau Accord 2 focus more on Economic Growth in the country.

The PNC led Government of O’Neill/Abel puts down-stream processing as its priority and the Gold Bullion Bank is its Top Agenda

Establish a gold bullion bank to address exchange rate challenges.


We undertake to deliver the following priorities over the course of the next five (5) years:

Economic Growth – Revenue Generation, Debt management and expenditure review; economic participation and empowerment, ownership rights and equitable benefit sharing, and business focus

Infrastructure – Continue to develop and maintain key productive infrastructure assets including opening up missing road links and bridges, increasing communication access for rural areas, utilities upgrade (Water and Electricity), housing, air and sea ports;

Law & Order – create safer and secure communities, increase police numbers and discipline, strengthen all levels of courts including villages courts and official, complete rural lock ups and minimize prison breaks.

Education – Continue the Free Education Policy but focus more on increasing quality of teacher training, children learning and infrastructure development including classrooms.

Health – continue the free basic health care and subsidized specialized health care policy and improve health indicators.