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Australia and Papua New Guinea signed an MOU to support PNG maritime port infrastructure through the AIFFP

Australia and Papua New Guinea  signed an MOU to support  PNG maritime port infrastructure through the AIFFP

Papua New Guinea’s maritime infrastructure will benefit from the signing today of an agreement between Australia and Papua New Guinea to design and scope the upgrade and refurbishment of key ports across the country.

Under the agreement, Australia, through the Australian Infrastructure Financing Facility for the Pacific (AIFFP), will support PNG Ports Corporation to prepare investments under Papua New Guinea’s 30-Year Ports Infrastructure Master Plan.  

This design and scoping work is expected to result in potential investments, through the AIFFP, estimated at $400 million. Australia’s support will assist PNG Ports Corporation to increase the capacity of Papua New Guinea’s commercial ports to accommodate larger ships, which will improve trade and connectivity in the region.