The iconic Port Moresby Sea Park, where sleek dolphins once used to frolic, is set to become the capital’s newest sunset skyline. To cost developer Sea Park Development Company K2.2 billion, phase one of the project was launched last night.
The project will cover 4.2 hectares of land around the ring-road at Ela Beach opposite the Apec Haus with Phase 1 to include the Azura residence to be built by the Sea Park Development company. The project is set to complement the APEC Haus and the soon-to-be-developed Paga Hill development.
Sea Park development representative Arthur Zhao said: “This project is in the best location in Port Moresby with a total land area of 4.2 hectares. “We will build luxury apartments, hotels, shopping centres, serviced residences, and offices with a total projected investment of K2.
2 billion. “The Sea Park development is set to generate substantial economic benefits and employment opportunities for the local community. “Each phase of the project will create numerous jobs enhancing the quality of life for residents and stimulating economic growth.
” NCD Governor Powes Parkop said the investment is most welcomed. “I want to thank the investors for having confidence in the city and the benefit that will come to our people will be immense for our people. “At this time, we really need this type of investment to generate business to flow on and to generate employment and to build the confidence that we need in our city and in our country.
” Min.