Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Papua New Guinea
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Asian Development Bank (ADB)
Status: Proposed
Bank Risk Rating: U
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.
Borrower or Client: Government of Papua New Guinea
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Infrastructure
  • Transport
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 680.00 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): $ 1,015.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ ADB website
Updated in EWS: 2017-07-31
Disclosure Date: 2016-09-30
Multipartner Financing Facility for the Highlands Highway
ADB-48444-002

Project Description
The Highlands region consists of seven mountainous landlocked provinces with high agricultural production of fresh produce and cash crops, mainly coffee, tea, and cocoa, contributing a third of PNG's gross domestic product; and mineral and petroleum resources accounts for nearly 80% of national exports. The 1,200 km long 2-lane rural Highlands Highway is the lifeline for the Highlands region connecting 1,800 km of regional and feeder roads servicing about 3 million people, of whom 85% are rural, and transferring goods. The Highway connects the Highlands region to the coastal provinces and the country's main port in Lae.
Investment Description
Contact Information
Department of Works P.O. Box 1108 Boroko, 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
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Bank Documents