Captions: 1. Rimbunan Hijau's Vision City Waigani. 2. NASFUND's Harbour City. 3. Nambawan Super's commercial property in Downtown Port Moresby. 4. Steamships Trading Company's commercial property in Downtown Port Moresby. Pictures by AURI EVA.
Buildings are springing up everywhere in Port Moresby – and other cities in Papua New Guinea such as Lae - as demands for high quality accommodation, in anticipation of the country’s first liquefied natural gas (LNG) project, soar.
Many recently-completed high rise buildings have given the capital a new look, as if reaching out for the skies.
There is an ever-increasing need for accommodation and business space stimulated by a steady economic growth in the last four years.
The forecast boom is anticipated to involve major commercial and residential construction and is expected to continue for a number of years.
Building projects will comprise upmarket apartments and residential complexes, office and embassy refurbishments, as well as new schools and hotel renovations.
High security fence systems are also in big demand in Papua New Guinea.
In recognition of the growing building sector, The National newspaper will run a Building and Construction Supplement on Thursday, April 23, 2009, to showcase building, construction and hardware products from participating companies to key industry decision makers.
Don’t miss Thursday’s paper.
Malum
ReplyDeleteGood sign of economic development. I would like to see more such buildings for residental purposes where public servants and other employees can afford reasonable housings. On that note, the Housing Ministry should make sure no greedy businessmen or politician should afford more then one house but must equally distributed with an aim to accommidate all PNGans.
With the growing infrastructures, we should see increased employment and eradication of social problems. Then truely PNG will move forward just like it Asian neighbors.
Mathew Yakai
China
yeah good economic development but what about the social development???
ReplyDeleteis the government looking into providing affordable avenues where housing can no longer be a problem for the ordinary citizens. they seriosly should be looking at building more accomodation sort out the domestic problems before fast tracking development just to accomodate a much rushed LNG Project.
Zara Kanu
Port Moresby
I like the news: its a positive growth, but I hope Papua New Guineans have some share in these developments.
ReplyDeletejon