A $22–30B program, 16–21% IRR, three-package PPP structure, six exit options — anchored by sovereign-backed infrastructure.
Structured under the PNG PPP Act (2014, gazetted 2018), PPP Regulations 2023 and PPP Guidelines 2024.
Operations & Maintenance concession for international airport facilities — aero and non-aero revenues.
Term: 10–15 yearsDesign-Build-Finance-Operate-Maintain (or BOT) for the cargo and logistics terminal.
Term: 15–25 yearsLong-term land lease for logistics, hospitality and retail development — real estate, hospitality and retail.
Term: Long-term lease| Component | CAPEX |
|---|---|
| Public Infrastructure | $16–24B |
| Airport Development | $2.2–2.5B |
| Airline Investment | $1.2–1.5B |
| Private Real Estate & Tourism | $1.46B |
| Total | $22–30B |
| Stream | Range |
|---|---|
| Residential Sales | $180–220M |
| Residential Rentals | $40–60M |
| Retail Leasing | $50–70M |
| Tourism & Hospitality | $80–100M |
| Airline-linked Revenue | $30–50M |
| Ancillary Income | $10–20M |
| Total Annual | $400–500M |
PNG PPP Act (2014, gazetted 2018) · PPP Regulations 2023 · PPP Guidelines 2024.
International airport & wharf · Reliable power/water · ≥300 ha serviced land.
Blended aero + non-aero revenues, route development incentives, minimum revenue guarantees during ramp-up.
Transparent procurement, clear risk allocation, long-term lease security, dispute resolution mechanisms.
SEZ tax holidays · import duty exemptions · accelerated depreciation · withholding tax relief.
IFC Performance Standards · climate-resilient design · carbon credit potential · biodiversity protection.
Government lands, trunk infrastructure, PPP framework — de-risks private capital.
Port, airport and SEZ concessions; long-term land leases; tourism concessions.
FDI equity, project finance, bilateral & multilateral support, carbon credits.
Typical exit timeline 7–10 years · target equity multiple 2.2–2.8× · IRR 16–21%.
Direct sales of residential units and retail spaces to end-users — immediate capital returns.
Income-generating asset REIT, ongoing dividends, portfolio liquidity.
Sale to regional hospitality or infrastructure funds seeking Asia-Pacific exposure.
Exit post Phase 2 while retaining upside in Phase 3 developments.
Airport / airline SPVs listing on regional exchanges — full market-based liquidity.
Acquisition by sovereign or pension funds seeking long-term infrastructure exposure.
Diversified revenue. City-building approach. De-risked by public investment. Replicable across PNG coastal cities. Early-mover advantage in Asia-Pacific's next growth corridor.
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