Robin Calistus, the Chief Executive Officer of Lae District Development Authority, has provided an update on the progress of the temporary market project, indicating that it is expected to be completed by the end of March.
Calistus elaborated on the project timeline, stating that the commencement of April will mark the initiation of the demolition phase for the Lae main market.
This phase is anticipated to span a duration of 18 months.
Funding for the project is a collaborative effort, with Lae District contributing K5 million, and a substantial K56 million being granted by the Australian and New Zealand governments.
The overall project cost is estimated at K61 million.
Upon the completion of the Lae main market, the temporary market will undergo relocation to suburban market locations, where it will function as a satellite market.
This strategic move is aimed at ensuring continued market accessibility for the community during the construction period.
The development signifies a significant step forward in the enhancement of market infrastructure in Lae, with the temporary market serving as a crucial interim solution.
The phased approach to the project reflects a comprehensive strategy to address the needs of the local populace while undergoing major renovations to the main market.