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According to the Bank’s website, the project consists of the rehabilitation of the Port of Rabaul (New Britain Island) in Papua New Guinea. More specifically, the project includes the construction of new quays, the reinforcement and rehabilitation of other existing quays, related dredging works, as well as of land storage facilities and utilities. The project will increase the port facilities' capacity and efficiency and enhance its resilience.
The project will increase the capacity, efficiency and safety of the port facilities. The port facilities provided by this project support international and inter-island transport services for both cargo and passengers. The international fishing fleet operating in the area also seeks Rabaul Port for supplies although it does not usually unload fisheries related cargo.
The project will create economic benefits by reducing logistic costs for the region's importers and by improving the accessibility for visitors. Economic benefits are also expected from improved safety and from a reduction of externalities from the maritime operations. The economic costs and benefits and resulting economic return will be assessed in detail during appraisal.
According to Papua New Guinea Law, the project requires an environmental impact assessment (EIA) and procedure reviewed by the State level Competent Authority. The lenders will require the project to be aligned with the applicable national environmental legislation as well as with the relevant EU environmental and social principles, standards, and practices.
This will be further checked during appraisal, including the project's Environmental and Social Impact Assessment. The lenders will require the promoter to have an Environmental and Social Framework in place for the project, in alignment with AFD and EIB's Environmental and Social Standards and in compliance with the requirements and standards agreed between EIB and AFD for projects outside the EU under the Mutual Reliance Initiative.
Under EFSD+ Guarantee
Papua New Guinea Ports Corporation manages over 15 ports in the country. These ports are found in the three coastal regions.
| Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
|---|---|---|---|---|---|---|
| - | - | - | - | Papua New Guinea Ports Corporation (PNG Ports Corp Ltd) | Client | - |
No contacts available at the time of disclosure.
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm
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