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And hotel expansion in the capital, Port Moresby, will raise its room count from 600 to 6, 000 by 2015, just in time for the regional sporting event the Pacific Games.
BBC: Papua��s got a brand new bag
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Navy ships visit, Air Force jets fly overhead and war games are played off the Pacific island's shores.
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De Vere Hotels and Village Urban Resorts chief executive Robert Cook said the company planned to be on site at Pacific Quay next month, with a view to completion well before next year's Commonwealth Games and Ryder Cup.
BBC: CGI image of the Premier Inn planned for Pacific Quay
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Australia wanted to use the games as a showcase for its claim to be a financial and business centre for Asia and the Pacific.
ECONOMIST: Australia��s game still to win
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For many years, the Rose Bowl provided a chance for the Pacific conference, chronically underrated by the rest of the country (which doesn't stay up for the night games and thinks the Left Coast is pantywaist, anyway) to pull a surprise.
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