By JIMMY KALEBE
PNG Ports Corporation Ltd (PNG Ports) will spend US$120 million (about K412.97 million) on the extension of the berthing at the Lae main wharf in Morobe, according to State-owned company.
Managing director Fego Kiniafa said this would be from the Australian government’s funding support of US$435 million (about K1.49 billion).
Kiniafa said the Lae main wharf had only 200 metres of key-line (ship’s anchorage space).

“So, with the US$120 million extension of the berthing, we will cover another 200m and that can make more space to cater for larger ships berthing at any one time at the Lae main wharf,” he said.
Kiniafa made these comments during a business breakfast hosted by PNG Ports in Lae this week which was attended by representatives of 32 Lae-based companies.
“This is an opportunity for PNG Ports to make this investment at this time,” he said.

“Such investment should happen five to 10 years into the future but it is happening now because of the financial assistance given by the Australian government.”

You can read the full article here K412mil extension project – The National