O’Neill’s Highlights Key Areas of Energy, Mining, Agriculture and Tourism

SYDNEY (AUSTRALIA) - Business leaders from Australia were provided with greater insight to the potential of increasing investment in Papua New Guinea’s economy at a luncheon hosted yesterday in Sydney.

The Prime Minister, Hon. Peter O’Neill CMG MP, delivered the keynote address that provided an update on the National Government’s approach to managing the impact of low energy prices and the way in which new projects are proceeding despite global pressures.

In his address the Prime Minister also advised the Mr Peter Graham has been appointed as the incoming Managing Director and CEO of Ok Tedi Mining.

During the speech and subsequent question an answer session, the Prime Minister further expanded on Government plans to expand agricultural sector development through private sector partnerships in areas such as oil palm, coffee, rubber and other commodities. The expansion of the tourism sector, including plans for direct international flights to Kokopo were further topics of discussion.

PM O’Neill assured investors that following recent ongoing economic growth, and a Government with clear and articulate plans for development, there is great opportunity for investment on Papua New Guinea that will further support the nation.

“There has never been a better time to invest in PNG,” the Prime Minister said to business representatives.

“Since Independence the last two and a half years has given the right level of support to the private sector, and I think it is time that businesses take advantage of those opportunities.

“We are a Government that is very pro-business, we know that business will support our citizens, will provide employment and provide income for our citizens, and that is why we are partnering businesses in many sectors.” [PNC]