Multipartner Financing Facility for the Highlands Highway (ADB-48444-001)

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
Active
Bank Risk Rating
C
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
May 13, 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
  • Infrastructure
  • 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)
$ 1.50 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)
$ 1.50 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 30, 2016


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Project Description
The PPTA will: (i) Define the overall scope of the investment and maintenance program; (ii) Structure and prepare the road map for the sequencing of the implementation of the program in three consecutive tranches; (iii) Coordinate and conduct initial program level assessments and initial field surveys and activities required for the full preparation and readiness of Project 1 to be funded under tranche 1, this includes technical, environmental and social safeguards, procurement and fiduciary aspects; (iv) Identify capacity gaps of the Department of Works and Implementation's (DOW) Highlands Region Management Group (HRMG) for successfully delivering Project 1 and the next two, make practical commendation to fulfill these gaps with implementation support and capacity building TA, adequate and realistic national staffing, and appropriate restructuring; prepare TOR for the HRMG, the Highlands Highway Steering Committee, the CWG, and the common Secretariat of the two latter; (v) Identify specific infrastructure investments to improve road safety for vehicle occupants and pedestrians and incorporate them into the road and bridge works contracts; (vi) Conduct the economic analysis of the overall program to determine its acceptability in terms of economic efficiency and fiscal sustainability, and undertake a detailed economic analysis of Project 1 in accordance with the relevant ADB's guidelines. (vii) Conduct an overall climate risk and vulnerability assessment (CRVA) of the overall program, and a detailed CRVA of Project 1, including recommendations for adaptation measures and estimates of the associated costs in line with the Green Climate Fund (GCF) requirements. (viii)Prepare cost estimates and financing plan, conduct financial evaluation of the program and financial entities, and conduct financial management assessment. (ix) Prepare a summary poverty reduction and social strategy and a gender action plan for the program, Prepare EARF, RF, IPDF (if required). Prepare an environmental impact assessment (EIA) or initial environmental examination (IEE), environmental management plan (EMP), resettlement plan (RP), and IPDP (if required) for Project 1. (x)Prepare Facility Administration Manual for the program. (xi) Develop assurances under the facility agreed with the borrower. (xii)Prepare the procurement plan for Project 1, and verify that efficient procurement monitoring and contract management systems are in place;
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Department of Works and Transport P.O. Box 1489, Port Moresby NCD, 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