Civil Aviation Development Investment Program, Tranche 3 (ADB-43141-044)

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
Dec 8, 2016
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
Government of Papua New Guinea
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.
Investment Amount (USD)
$ 248.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 275.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jul 31, 2017

Disclosed by Bank Sep 29, 2016


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Project Description
The Tranche 3 will continue from Tranches 1 and 2, to establish a sustainable civil aviation network to support the economic growth of the country. Tranche 3 will further strengthen and sustain the operations of National Airports Cooperation (NAC), PNG Air Services Limited (PNG ASL), and Civil Aviation Safety Authority of PNG (CASAPNG). The national airports have low level of compliance with safety and security standards, creating risks of accidents and illegal movements of people and goods. The air-side runway pavements, terminal buildings and utilities are in poor condition. Tranche 3 will improve and upgrade nine national airports including pavement strengthening, runway extensions, security fencing, apron extensions, fire stations, traffic control tower and terminal buildings. In addition, runway lights at seven airports, runway security fencing at three other airports and new market sheds will be constructed for women to promote local artifacts. IMPACT To achieve economic growth and poverty reduction in project areas.
Investment Description
  • Asian Development Bank (ADB)
Government US$ 27 million
Contact Information
National Airports Corporation 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