The Prime Minister of Papua New Guinea the Hon James Marape recently issued a media release on 22 April 2024 providing strong support to Mayur and the CLP, with the following statement extracted: “I am happy to hear that Mayur Resources has secured the K540 million funding to complete the Central Lime Project, and that the project has the potential to create hundreds of new jobs, support service businesses, electricity, roads, education and health facilities for landowners,” Prime Minister Marape said. “It promises to be a transformative development for Central Province landowners and the broader manufacturing sector. “The funding, I understand, will be used to cover construction costs to achieve an annual production capacity of 400,000 tonnes, along with an allocation for expected further expansion. First quicklime production is expected to begin after 18 months. “Central Lime Project is one of the first approved Special Economic Zones (SEZs) which are a focus of my government. “The establishment of CLP is a testament to my government’s commitment to supporting downstream processing and assisting in attracting investment funds into PNG’s first Single Factory Special Economic Zone. “Such support now sets the scene for PNG to compete with the hundreds of billions of dollars already invested into Southeast Asian SEZs.” The full media release from the Prime Minister is available here: https://pmnec.gov.pg/prime-minister-marape-welcomes-mayur-resources-ltds-us155million-funding-for-central-lime-project/
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