Papua New Guinea’s economy is propelled mainly by its incredible wealth of natural resources. However, navigating across the country to get hold of all the opportunities means traversing through high mountains, dense rainforests, river systems and vast coastlines. There is a continuous endeavour to support building infrastructure to strengthen the industries within the country.
The country’s four-year construction boom ended in 2014 after completion of PNG LNG projects. Engineering developments are now driven towards housing and public sectors. Projects in the pipeline include upgrading the national power grid, planned development of a new LNG venture (Papua LNG) as well as major upgrade of roads, seaports, airports, and various social infrastructures. Infrastructure presents Papua New Guinea with challenges to maximise trade, build jobs, and fuel prosperity.
Infrastructure funding is evolving and the Papua New Guinea government has adopted the global trend of seeking public-private partnerships. This will result in more funds dedicated to specific kinds of infrastructure. The key to raising enough investment for tomorrow’s essential infrastructure will rest in finding the optimum balance between public and private investment.
How can PwC help?
At PwC, we are committed to improving Papua New Guinea’s productive capacity and prosperity through efficient infrastructure delivery. We deliver solutions that help our clients to build new roads, upgrade housing, construct schools, modernise hospitals, and regenerate communities. With an extensive local and global track record of providing innovative advice on a wide range of transactions, our experience enables us to deliver the integrated strategies and services our clients require.
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