Civil Aviation Development Investment Program - Tranche 2 (ADB-43141-043)

Countries
  • Papua New Guinea
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 25, 2013
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
National Parliament of Papua New Guinea, National Airports Corporation
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Loan Amount (USD)
$ 130.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 20, 2017

Disclosed by Bank Sep 29, 2016


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Project Description
According to ADB website, ADB is helping Papua New Guinea upgrade its national airports to strengthen aviation safety and services. The second project under the program will strengthen the operations of National Airports Corporation, Papua New Guinea Air Services Limited, and Civil Aviation Safety Authority of Papua New Guinea. It will improve airport infrastructure and air traffic management and navigation services. The proposed Tranche 2 will establish a sustainable civil aviation network to support the economic growth of the country. The outcome will be safer, more secure, and more efficient all-weather access to air transport services in the project areas. This project is associated with closed ADB projects (ADB-43141-012 and ADB-43141-023).
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Villareal, Maria Theresa J. Pacific Department, ADB No contact information provided at the time of disclosure. Executing Agency: National Airports Corporation Email Address: JKINTAU@NAC.COM.PG Level 1, Domestic Terminal, Port Moresby International Airport ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main