As directed by CACC (Cabinet Advisory & Consultative Committee) at its recent official meeting, the Department of Commerce and Industry is now shifting into FEASIBILITY STUDY modus operandi for Vanimo FTZ Project now. This was confirmed to me at my official meeting with Secretary for Commerce and Industry today.
We will start in March. Our investment partners led by DSI courtesy of “Mr. Freezone” Tony Restall are ready to land soon…after final administrative arrangements.
Vanimo, Sandaun and PNG, I tell you to believe in God because the new super-dynamic economic paradigm shift in Vanimo, the backward last, is going to bring positive HDI, GDI and boost our GDP big-time soon.
Whilst awaiting final NEC approval we are now commencing the local stakeholders/banks/investors pre-mobilization phase consistent with above decision now, so local investors are invited to join us.
Thankyou Governor Tony Wouwou and Prime Minister Peter O’Neil and your respective governments. Credit must be accorded where it is due.
More positive updates next week..keeping you all informed because it is your right to know the correct facts on progress,