Petroleum and Energy Minister Nixon Duban said the seven-storey shopping mall would be built by a Korean company at a cost of K300 million but the people of Madang would have a 30% share in the investment through various companies and community based organisations.
"The building itself will have restaurants, banking facilities, private clinics, office spaces, recreational park, children play ground and shops," The National newspaper reported Duban saying.
He said two hotels would be erected at a cost of K200 million with big economic benefit for the district. The projects would take two years to complete.
