Building Resilience to Climate Change in Papua New Guinea (additional financing) (ADB-46495-003)

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
Sep 3, 2018
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)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 7.98 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD)
$ 7.98 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 11, 2019

Disclosed by Bank Sep 27, 2018


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Project Description

According to the bank website, the project will respond to climate change challenges and further support the (i) piloting and demonstration of approaches for integration of climate risk and resilience into infrastructure development; and (ii) support the strengthening of capacities at the provincial level to integrate climate resilience into development planning to improve operational efficiency for long term financial sustainability of the Alotau wharf.

Investment Description
  • Asian Development Bank (ADB)

Government of Australia US$ 2.98 million
Strategic Climate Fund - PPCR US$ 5.00 million 

Contact Information

Responsible ADB Officer Roop, James A.
Responsible ADB Department Pacific Department
Responsible ADB Division Transport, Energy and Natural Resources Division, PARD
Executing Agencies
Office of Climate Change and Development
Avara Annex Building, Brampton Street Down Town
Port Moresby P.O Box 4017, Boroko, National Capital District
Port Moresby, Papua New Guinea

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