The mining sector accounts for about 9% of the GDP and the overall resources sector contributes about 26% of the GDP. This will continue to rise with the current demand for cobalt which as a by- product of the mix hydroxide precipitate from the Ramu Nickel.
The IMF board approved the soft loan last Friday in what Prime Minister James Marape describes as a landmark achievement and a strong vote of confidence in the Marape-Steven government and PNG’s economy from the international community.
Mr Nali said in response to questions that the government through its Connect PNG road strategy would put out the tenders for the first five missing link roads, led by the Lae-Malalaua road which is called the Trans-Islands Highway, Watarais-Madang-Bogia to East Sepik-West Sepik (to be called the International Highway), the East New Britain-West New Britain Highway, Manus and the Bougainville roads.
