PNG JOINS ASIAN INFRASTRUCTURE INVESTMENT BANK. PNG Voice “PNG’s flag was raised at the Asian Infrastructure Investment Bank in Beijing on 13 May 2024 in a historic ceremony marking PNG’s membership.  The flag raising was with AIIB President Jin and senior members of his team, following on from Prime Minister Marapes visit on 17 October 2023.  PNG joins 109 other members covering 81% of the world’s population and 65% of the global economy. AIIB supports both government and private sector “infrastructure for tomorrow” – i4t – projects.  Our membership of the AIIB opens the doors to more investment in good, sustainable projects which can lead to more growth and jobs” stated the Minister Assisting the Prime Minister on Treasury Matters, Ian Ling-Stuckey. “The AIIB’s operational focus is on green infrastructure, connectivity and regional cooperation, technology enabling infrastructure, and private capital mobilization.  The AIIB green focus works well for PNG because we...

CHINA WUYI CO TO INVEST MORE IN EASTERN HIGHLANDS PROVINCE OF PAPUA NEW GUINEA. By EHP Governor's News Page The Eastern Highlands Provincial Government under the Numu administration has been focusing on 3 key policy priority areas; Road infrastructure, Agriculture and Business Investments. In its endeavor to realise its development aspirations in the province, the provincial government has opened its doors for investment in the province. Last Wednesday, a high level delegation from China Wuyi Co Limited visited Eastern Highlands Province. China Wuyi Co Limited is a subsidiary of Fujian Construction Engineering Corporation in Fujian Province, China. A State Owned Enterprise actively involved in construction and engineering. It carries out international projects as the overseas arm of the Fujian Construction Engineering Corporation. The Company reported $334 million in international project work in 2012, placing the company among the 250 largest international contractors as ranked by...