With a dream for Madang to grow into an economic powerhouse for Papua New Guinea, Prime Minister James Marape announced a funding of K100 million for the Pacific Marine Industrial Zone (PMIZ).
Marape said hundreds of millions of kina for the PMIZ had been squandered during the terms of the past two governments, with nothing to show for, and assured the people that this would not happen again.
“The project would be managed by the National Fisheries Authority and the K100 million, included in the 2022 Budget, had already been allocated,” said Marape.
The PMIZ project was first mooted in 2004, and launched by the O’Neill government in 2015, but nothing has happened with hundreds of millions of kina wasted.
Marape said the National Government will spearhead this and appeals to the people in Madang to support his Government drive the project.
The Prime Minister assured the people of Madang that the mistakes of the past two governments would not be repeated.
“We are doing it (PMIZ) much better (than previous governments),” he said.
“This year, for the first time, we are putting K100 million into the PMIZ project.
“We will be making the PMIZ project come to life for the first time.”
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