PM Marape Announces Porgera Infrastructure Funds

The government has set aside K700m for infrastructure development and re-settlement programs for the Progeria Mine Special Mining Lease (SML) landowners.
This money will be drawn down over a seven-year period.

Prime Minister Honourable James Marape announced this yesterday during the project’s Development Forum at the Enga Teachers’ College in Wabag, Enga Province.

The PM said the money would be used for projects such as schools, police stations and establish educational institutions within the SML area.
In addition, the government has given K100m to Mineral Resources Enga (MRE), which will be used to pay for the 5 percent outstanding SML 1 asset. The government has also secured a 3 percent royalty rate for the landowners without deductions for operational costs, capital works and sunk-costs amongst other deductions.

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