Paladin Group to Develop Local Business Hub in Manus

The Paladin Group is supporting a major development project on Manus Island to widen opportunities for members of the local community to engage in training and employment.

Construction work on the new business premises, which will include a café, gymnasium and barbershop, is currently underway in the town centre of Lorengau. The Community Business Initiative, which is being implemented in partnership with Peren Investments, the business arm of the local landowner group, is expected to be completed in October.

Manus has limited amenities and this development will provide more jobs and opportunities for the local population and spur on economic growth.

This venture is another example of Paladin’s long-term commitment to leaving sustainable legacies for the communities on the Island. Ownership and operation of the businesses will be transferred to Peren Investments and the local community as part of Paladin’s build-operate-transfer model.

Ian Stewart, Paladin Group Director, commented “We are delighted to be able to support the development of a new business precinct in Manus Island. When we started working on projects here, we prioritised training and skills development so that we could transfer capabilities to our local workforce to stand them in good stead for future opportunities. This new project will help establish sustainable local businesses which will continue to benefit individuals, families and communities in Manus long after we have completed our project here.”

Kepo Pomat, Director of Peren Investments, commented “This project will help establish a commercial hub in Manus around which local businesses will have the opportunity to thrive and grow. It is another example of how the Peren-Paladin partnership is leading to lasting benefits for the province.”

2019-08-27T10:30:13+10:00