PNG Tourism Sector Development Project (WB-P158807)

Countries
  • Papua New Guinea
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
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
Jun 9, 2017
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
  • Industry and Trade
  • Law and Government
  • 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)
$ 20.00 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)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Other Related Projects
Primary Source

Original disclosure @ WB website

Updated in EWS Jul 19, 2017

Disclosed by Bank Sep 15, 2016


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Project Description
The Project aims to facilitate the development of tourism hubs (main towns) and spokes (tourist attractions around the hubs, including cultural and natural heritage sites) in East New Britain and Milne Bay provinces. The Project will strengthen the institutions that are the backbone of the sector at the national and provincial level. The Project will also improve the attractiveness of Alotau, Kokopo, and Rabaul as tourism hubs, together with the identification and improvement of priority tourism sites, products and experiences in surrounding sites. In doing so, the respective local tourism sectors will be better able to provide economic opportunities for the bottom forty percent, in addition to establishing longer term employment and business generation paths, and ensuring the preservation of natural and cultural assets.
Investment Description
  • World Bank (WB)
Contact Information
ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.