Paga Hill Project Progresses

29 February 2016

Papua New Guinea Post-Courier

Gov, Min and China Deligates at Paga Hill by TL (7)

 

The iconic Hill above Port Moresby’s Central Business Centre, Paga Hill has achieved yet another major milestone in its ongoing development that will transform the face of Port Moresby city.

Last week a Chinese Government delegation and a high powered group of businessmen from Shenzhen city converged on to the development site at Paga Hill and cemented their support behind one of their own local business company, Zhongtai, who in collaboration with PNG company Paga Hill Development, the Government of PNG, NCDC and other partners in fully developing the hill and its surroundings.

Gummi_Shenzhen delegation

Paga Hill Development Company CEO Gudmundur Fridriksson exchanges business cards with the Shenzhen delegation during the trade and investment seminar on Tuesday.

The Shenzhen City delegation led by its Vice Mayor Ai Xuefeng and the Deputy Director of China Council for the Promotion of International Trade Guo Jing Wei were impressed with the development that is well underway on the hill and the surrounding ring road that will complement the project.

In attendance also were Trade, Commerce and Industry Minister Richard Maru, NCD Governor Powes Parkop, Secretary for Lands Luther Sipson and Paga Hill team Evan Li, Gudmundur Fridriksson, Stanley Liria and Mulan Stone.

Minister Maru in his address reiterated the PNG Government’s full support for the project when it declared the project as a project of National Significance. He stated that Paga Hill Estate is viewed as a strategic Government partner in the delivery of a successful APEC in 2018 and the PNG Government will provide the support through relaxation of import duties and taxes.

NCD Governor Powes Parkop and Shenzhen Vice Mayor Ai Xufeng making a toast whilst Lands Secretary Luther Sipson looks on.

NCD Governor Powes Parkop and Shenzhen Vice Mayor Ai Xufeng making a toast whilst Lands Secretary Luther Sipson looks on.

NCD Governor Powes Parkop said Paga Hill Estate had NCDC’s full support with full development approvals granted in 2015. The Shenzhen city delegation were impressed with the current developments taking place on the site and the projects master plan that was delivered by Zhongtai from Shenzhen and Paga Hill development company.

Both Minister Maru and Governor Parkop declared their gratitude to the Vice Mayor Al Xufeng and his delegation for the support they have given to the Paga Hill project and its Shenzhen development partners.

The visit by the high powered Shenzhen delegation for the Paga Hill project has also created an opportunity for Port Moresby and Shenzhen city to become sister cities in which a formalisation of sister city arrangement is being progressed and a visit by Governor Parkop is being organised for April to Shenzhen on the invitation of the Vice Mayor Ai Xufeng.

 

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