Business · Companies · 2 hrs ago

Pacific Lime and Cement completes plan for PNG industrial precinct

Pacific Lime and Cement completes plan for PNG industrial precinct

Pacific Lime and Cement has completed a plan for an industrial precinct in Papua New Guinea, around 35km from Port Moresby.

The proposed Kido/Rearea precinct covers a 4,500-hectare Special Economic Zone and includes an international port that is under construction.

Lime and cement projects are planned as the initial industries, with the precinct intended to support a wider mix of manufacturing and logistics.

The longer-term plan identifies opportunities including building materials, fuel storage, warehousing, data centres and workforce training.

The development could support local production and reduce reliance on imports, in line with PNG government priorities.

Businesses that qualify may be eligible for up to 10 years of tax and duty concessions, while land is held through 99-year State leases involving landowner companies.

The company expects tenants and investors to fund most further development, allowing it to focus on lime and cement; discussions about infrastructure funding remain non-binding.

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What people are saying

Paul MulderPacific Lime and Cement managing director
Lime and cement remain PLC’s priority and the cornerstone of the integrated precinct.
via Stockhead
The SEZ and port have always been intended to support the Central Lime and Central Cement projects, and completing this planning allows us to make better use of that infrastructure without diverting focus or capital from those projects.
via Stockhead
With the core infrastructure established, we expect majority of further development to be funded by third parties, with PLC, our landowner partners and the State benefiting as landholders.
via Stockhead