Fully Compliant, Requirement by Requirement
SIDCL's compliance position has been assessed against every core licensing requirement administered by the Special Economic Zones Authority, and against every objective of the PNG SEZ Foundation Policy.
Seven Requirements, Seven Compliant Positions
The table below sets out SIDCL's compliance position against each of the core licensing requirements administered by the Special Economic Zones Authority.
| # | Requirement | SIDCL Compliance Position | Status |
|---|---|---|---|
| 1 Land |
SEZA standard: clear legal tenure over the proposed site. Freehold title secured; registered ownership; no outstanding customary land disputes. |
Compliant | |
| 2 Master Planning |
SEZA standard: an integrated master plan for the zone. Master Plan completed, covering port, logistics, industrial, commercial, residential, government precinct, tourism, utilities and renewable energy precincts. Soraken Township Subdivision Plan endorsed by the ABG, April 2025. |
Compliant | |
| 3 Physical Planning |
SEZA standard: formal planning approval. National Physical Planning Board endorsement obtained; Gazette G1085/2025. |
Compliant | |
| 4 Enabling Infrastructure |
SEZA standard: demonstrable infrastructure readiness. Existing road access, jetty, telecommunications and nearby airport in place. Outstanding power, water, sewerage and digital-backbone works to be delivered through the ITCS-funded enabling infrastructure programme. |
Compliant (phased) | |
| 5 Governance |
SEZA standard: a competent developer entity. Soraken Industrial Development Corporation Limited (SIDCL), supported by a PPP structure, strategic investors, professional advisers and development partners. |
Compliant | |
| 6 Financial Readiness |
SEZA standard: a credible funding strategy. PPP financing, institutional investors, commercial financing, strategic equity, international investment, and up to 40% of Bougainville's 0.5% Infrastructure Tax Credit Scheme entitlement (NEC Decision 148/2025) for enabling infrastructure. |
Compliant | |
| 7 Development Model |
SEZA standard: a staged, internationally recognised implementation model. Three-phase delivery: (I) planning, licensing, utilities, port and roads; (II) industrial activation, logistics and investment attraction; (III) tourism, commercial, residential, innovation and international expansion. |
Compliant |
Aligned with Every Foundation Policy Objective
SIDCL, as applicant and developer, confirms that the proposed Soraken Integrated Economic Fusion Hub complies with the objectives of the Papua New Guinea Special Economic Zones Foundation Policy 2025–2032 by driving industrialisation, creating employment, promoting downstream processing, attracting foreign direct investment, encouraging domestic investment, supporting import substitution, expanding exports, creating regional economic growth, establishing enabling infrastructure, supporting economic diversification, promoting sustainable development, and strengthening regional trade.
Seven licensing requirements. Ten policy objectives. One consistent answer: compliant.