STRUCTURAL POLICY AND INVESTMENT DIVISION (SPID) |
The Structural Policy and Investments Division is responsible for all direct and indirect investments undertaken by the State. The Division ensures that the State’s investments are properly reviewed and monitored; consistent with the Government policies and priorities; conducive to creating an investment climate that promotes maximum benefits and opportunities to Papua New Guinea
The division’s main objectives include:
- Monitoring and representing the state’s investments in the mining , petroleum, agriculture, forestry and fisheries sectors;
- Monitor and representing the state’s investments in the Commercial statutory authorities and non-commercial statutory authorities;
- Provide advice and assistance in the implementation of major infrastructure development projects;
- Assisting in the regulation and privatization of State owned enterprises and entities/companies;
- Provide policy advice relating to the establishment of an environment conducive to business investment and growth.
The Division consists of two branches:
Structural Policy and Investments Branch
The branch is responsible for monitoring and representing the state’s investments in commercial statutory authorities and non-commercial statutory authorities. Duties include monitoring the performance of these investments in line with government financial guidelines such as operating on commercial basis, paying taxes & dividends, amending tariffs with changing cost structures and five-year corporate plans, etc.
The branch is also responsible for monitoring state’s investment in various companies in the forestry and agricultural sectors. This is done through normal company board meetings attended by the officers as well as briefings provided on ongoing issues related to the company’s operations.
Investment Branch
The branch is responsible for monitoring state’s investments in the mining and petroleum sector and new projects and investments in the forestry, fisheries and agriculture sectors. The branch also provide advise and negotiate State, Provincial governments and landowners equity participation in mining, petroleum and gas projects including the existing projects in Kutubu, Gobe, OK Tedi, Misima, Lihir, Porgera, etc.The investment branch is also responsible for policy advice relating to the State's regulation and involvement in the resource sectors.