The Gobe Haus which was a K26.5 million investment by the Mineral Resources Development Company (MDRC) has brought assets to the company in PNG and the Pacific to a total of K6 billion.
According to MRDC board chairman Isaac Lupari, MMDRC’s most recent development was the three-storey office building in Top Town.
Deputy Prime Minister Sam Basil expressed his gratitude to MRDC for developing what was an “eyesore in the heart of Lae city” since it was gutted by fire 10 years ago. He added that the project took almost two years to rebuild. “I am pleased to note that the K26.5 million investment was delivered on time, below budget – savings of more than K2 million – and to the quality level set and expected by MRDC,” he said. “I am advised that Gobe Haus is ready for use with the ground floor already fully leased and high interest for the remaining two floors.”
Basil gave his hearty congratulations to the MRDC board and managing director Augustine Mano for the finish, adding that the redevelopment was the latest testament of the growth of MRDC since 2015.
