The Independent Public Business Corporation of Papua New Guinea (IPBC) was established in 2002, as an Independent Entity under its own Act to hold the majority of state-owned commercial assets in trust and to manage those assets prudently to improve commercial performance and underpin economic development.
Its mission is to institute stronger governance, best practice and commercial accountabilities structures in IPBC to maximize the value of its assets and investments for the benefit of the State and the people of Papua New Guinea
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IPBC - THE STATE NOMINEE FOR PNG LIQUIFIED NATURAL GAS PROJECT
The PNG Government has selected IPBC as it's nominee for the State's 19.4% equity in the project.
For details of this project visit: www.pnglng.com
PUBLIC PRIVATE PARTNERSHIP
An overarching PPP policy has been developed to set up the framework under which the various State Owned Entities (SEOS) can be developed and managed. Subsequent PPP framework and agreements will be derived from this overarching policy for respective SOEs. . . .
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