PNG seek US $ 305.13mn for major road improvement projects

Powes Parkop, the Governor of National Capital District (NDC) Province in Papua New Guinea (PNG), says US $ 305.13 million (PGK 629mn) is being sought by the provincial government for road improvements. Of the targeted total, PGK 600mn is earmarked for the 2013 upgrade of several major routes including the Kookabara Street-Sir John Guise Drive flyover, the Erima roundabout, and the Paga Hill ring road. Some of the sum will also be allocated to build a four-lane road to link Bautama with Gerehu in preparati
October 26, 2012 Read time: 2 mins
Powes Parkop, the Governor of National Capital District (NDC) Province in Papua New Guinea (PNG), says US $ 305.13 million (PGK 629mn) is being sought by the provincial government for road improvements.

Of the targeted total, PGK 600mn is earmarked for the 2013 upgrade of several major routes including the Kookabara Street-Sir John Guise Drive flyover, the Erima roundabout, and the Paga Hill ring road. Some of the sum will also be allocated to build a four-lane road to link Bautama with Gerehu in preparation for the 2015 Pacific Games. The remaining PGK 29mn is for upgrades to six city roads to prepare for the royal visit by Camilla, the Duchess of Cornwall, and Prince Charles in November 2012.

Meanwhile, Francis Awesa, the Works Minister of Papua New Guinea (PNG), has disclosed that the government will use a loan of $ 2.91 billion (PGK 6bn) from 6018 EXIM Bank of China to finance a highway upgrade project. The project will involve short-term and immediate upgrades along the Highlands Highway.

For more information on companies in this article

Related Content

  • AusAID gives US$ 46.12 million for maintenance of Papua New Guinea’s Highlands Highway
    October 4, 2012
    The government of Papua New Guinea (PNG) will this month begin maintenance works on the Highlands Highway after receiving US$ 46.12 million from AusAID of Australia. The works are to be carried out by contractors Covec PNG and Shorncliffe PNG, and are scheduled to be completed in October 2015.
    Read More
  • Guatemala seeks US$920mn of international loans for fast motorways
    December 16, 2013
    Guatemala’s Ministry of Communications, Infrastructure and Housing is seeking international loans of US$920 million to transform three national road sections into fast motorways. The loans could be obtained at some stage in 2014. One negotiated with the Central American Bank for Economic Integration (CABEI), of $280 million for the widening of CA-2 Oriente motorway to a four-lane motorway, is reportedly at its final stage. The bank has given its approval already and it is only the Monetary Council that has
    Read More
  • ADB loan for Armenia-Georgia highway
    November 4, 2016
    Approval for a US$50 million loan to develop a highway stretch in Armenia has been given by the Asian Development Bank (ADB). The loan will be used to upgrade the M6 Highway from Vanadzor in Armenia to the country’s border with Georgia at Bagratashen. The route is one of the most strategic roads for internal and external trade for landlocked Armenia while it also lies close to the country’s border with Azerbaijan. The upgrading of this highway will also provide an important link to the Black Sea Ring Road p
    Read More
  • Papua New Guinea road development programme
    July 27, 2021
    Papua New Guinea is establishing a road development programme.
    Read More

Highlighted Content