The 12km final missing link Gulf and Southern Highlands Highway will be the first project to be funded under the new look revised Infrastructure Tax Credit Scheme (ITCS) at the cost of K50 million.
National Planning Minister Richard Maru revealed this when thanking the Prime Minister and the Cabinet for their support in finalizing the new Revised Infrastructure Tax Credit Scheme Policy Guideline that was launched by Prime Minister last Thursday.
Minister Maru said the Government aims to raise K1 billion between 2019 and 2022 to fund major infrastructure projects in both resource and non-resource provinces,which have been planned for in the Medium Term Development Plan III.
“This road will be funded by Oil Search and we are very confident before the end of this year,Gulf and Southern Highlands will be linked for the first time. Work is expected to commence in the coming weeks. Government is determined to commence the work and connect the Gulf and Southern Highlands Provinces,” Minister Maru said.
This is one of the high impact projects that is being funded by the ITCS. This will be a real game-changer for PNG and Minister Maru is pleased with these advances.
“In the meantime,we are working on a wharf on Kikori so that eventually, Southern Highlands will be linked all the way to Gulf to a wharf in Kikori and the wharf will provide access to the people of Southern Highlands, Enga and Hela to access a wharf much closer than the one they rely on in Lae.
This will greatly reduce the cost of goods and services to our people in Southern Highlands, Enga and Hela Provincesin the long term,” Minister Maru said.
Minister Maru will be traveling to Madang on Wednesday to visit work been done by the PNG Defense Force on the Bayer and Madang track, which is another missing link.
The Government will foot its part of the funding at K15 million while the balance will be met through the ITCS.
The Government is also determined to complete this high impact economic road this year.