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PMIZ Industrial Tuna Zone Likely To Become A Reality? What Did You Think?

On the latest homepage poll we asked you “Will the PMIZ Industrial Tuna Zone Project in PNG become a reality?” As many as 55 percent of our readers answered: “No, never.”

Earlier this month, the Export-Import (Exim) Bank of China made the decision to freeze a USD 78 million loan that was meant to fund the Pacific Marine Industrial Zone (PMIZ) project in the Madang Province of Papua New Guinea (PNG). The Chinese loan was being used to develop a free trade industrial zone, to build tuna processing facilities and develop tuna port facilities.

Despite the halt on the loan, 35 percent of the poll respondents thought that the PMIZ would become a reality for PNG within the next three to five years, while the remaining ten percent of readers thought the reality of the project would appear sooner, within the next two years.

According to Richard Manu, the PNG Minister for Trade, Commerce and Industry, the Exim Bank of China will lift the suspension of the loan to continue funding the project after the government meets the demands of impacted communities.

Our new poll asks our readers “Should the US take the same position on illegal, unreported and unregulated (IUU) fishing as the EU?” Go to our homepage to have your say.