Dede Sophie

 H.E. Grand Chief Sir Bob Bofeng Dadae, Governor General of Papua New Guinea, has executed on behalf of the State, multi-million Kina contracts for roads and bridges construction for Morobe, Eastern and Western Highlands provinces. The contract agreements fall under the Sustainable Highlands Highway Investment Program Tranche 2 and are for the following: 1. Upgrading and Sealing of road from Yaware to 6km mark along Tambul Kotol Road in Western Highlands and Southern Highlands provinces. The contract is valued at K17, 707, 078. 29, including GST and contingency component and will be funded by the national Government. The National Executive Council has approved the awarding of the contract to China Civil Engineering Construction Corporation (PNG) Limited.  2. Detailed Design Rehabilitation and Construction of Bridges Between Nadzab, Lae and Henganofi. The contract is valued at K315, 395, 676. 88, inclusive of GST, provisional sums and contingencies and will be wholly funded by the Asian

The PNG Department of Finance and Nambawan Super Ltd are working to reconcile figures for the rental arrears.  Finance Secretary Dr. Ken Ngangan in response to questons by this newsroom says NSL’s total figure of K160 million is inclusive of some costs, which shouldn’t include in rental invoices. He pointed out that this includes rent for office space, utilities and maintenance. Dr. Ngangan says the Finance Department met with NSL last week and agreed to have technical officers from both sides reconcile the figures which are currently being facilitated and ongoing. He says a partial payment of K50 million has been made last week. Meantime, Nambawan Super Limited (NSL) is adamant, that the locking out of State entities will continue until a Memorandum of Agreement (MOA) is signed between them and the State. NSL Chairman Reg Monagi, said that this MOA, will contain the schedule of payments, which is agreed to by both parties, to settle the remaining arrears of over K120 million in rental