Kido Village, Central Province- Papua New Guinea’s economic landscape is set to undergo a significant transformation with the launch of the Pacific Lime and Cement Project, a $400 million investment that will revolutionize the country’s construction industry.

Prime Minister James Marape hailed the project as a game-changer for Papua New Guinea, aligning with the government’s policy to stimulate economic growth, reduce imports, and empower local communities.

“This project is a significant investment that will provide a substantial boost to our economy and demonstrate our commitment to industrial development,” he said.

“The project will create over 1,000 direct and indirect employment opportunities, replace imported materials with locally produced quicklime and cement, and contribute significantly to government revenues through taxes and royalties.”

The project also benefits from excellent infrastructure connectivity and tax relief as part of the Special Economic Zone designation.

The Governor of Central Province praised the project, saying, “This project demonstrates what can be achieved when all stakeholders work together with a shared vision and mutual respect.” Member for Hiri-Koiari Kieth Iduhu added, “Today marks a pivotal step for Papua New Guinea’s economic development as we strive to transition from import dependency to local production and export capabilities.”

Mayur Resources Managing Director Paul Maulder expressed gratitude for the local landowners’ support, saying, “We are extremely privileged to have worked alongside the local landowners for the past decade, and their unwavering support and partnership have been instrumental in our success.”

The Pacific Lime and Cement Project is poised to drive sustainable economic growth, strengthen Papua New Guinea’s industrial capacity, and create new opportunities for businesses and individuals alike.

With its significant economic benefits and stakeholder support, this project is set to play a major role in shaping the country’s future.