The National Airports Corporation (NAC) and AG Investments have signed a PGK24.7 million contract to commence the Domestic Terminal Expansion Project at Port Moresby International Airport.
The agreement, finalized in Port Moresby, marks the official start of construction for the facility upgrade.
This development underscores a continued push to expand aviation infrastructure in Papua New Guinea.
The project aims to enhance domestic travel capacity at the country's primary international gateway, addressing growing demand for air transport services.
The contract signing follows a broader trend of infrastructure development in the region.
While the immediate financial impact on local markets is limited, the project represents a significant capital expenditure for the aviation sector.