US$3bn loan sought by Papua New Guinea government to upgrade key road

The Papua New Guinea government is looking to borrow US$ 3billion to upgrade the country’s vital Highlands Highway. Francies Awesa, the works minister, will go to China to negotiate a loan for the project. The Highlands Highway serves three million people living in highland provinces, and upgrading the road is seen as an important priority for the government’s economic policies.
May 24, 2012 Read time: 1 min
The Papua New Guinea government is looking to borrow US$ 3billion to upgrade the country’s vital Highlands Highway.

Francies Awesa, the works minister, will go to China to negotiate a loan for the project. The Highlands Highway serves three million people living in highland provinces, and upgrading the road is seen as an important priority for the government’s economic policies.

Related Content

  • PNG plans infrastructure upgrades
    February 27, 2012
    The authorities in Papua New Guinea (PNG) will be able to boost transport infrastructure following the provision of a development assistance grant worth US$371.35 million.
    Read More
  • Work underway on Indonesia’s Trans Papua highway
    September 22, 2015
    Indonesia’s Ministry of Public Works and Housing plans to allocate US$415.3 million in 2016 for the Trans Papua road project. The Indonesian Government’s plan is for the link to be ready for use and connecting the whole of Papua by 2019. However in excess of $830 million is required to fund work on the entire 4,325km route. Over 10km of bridges still remain to be constructed along with 827km of roads. Meanwhile of the existing 3,498km of road, only 2,075km are surfaced with asphalt at present while 1,423km
    Read More
  • €2.27bn UK road investment in 2014 to support over 9,500 construction jobs
    November 11, 2013
    Over 9,500 construction jobs will be supported in 2014 by more than €2.27 billion (£1.9 billion) of investment in Britain’s roads, Transport Minister Robert Goodwill announced today. The total investment in 209 schemes is €5.15 billion (£4.3 billion), with the €2.27 billion to be spent in 2014 more than twice the amount being spent this year. Due to either start or be completed in 2014, these road programmes are estimated to boost the economy by over €22.52 billion (£18.8 billion) and are part of a €119.8
    Read More
  • Kazakhstan roads benefiting from Japanese loan
    May 28, 2012
    A major loan from Japan will help develop the road transport network in Kazakhstan. The Japanese government will provide a loan to the Republic of Kazakhstan worth US$76 million. The sum will be used to develop the country's road infrastructure and will boost Kazakhstan's access to European and Asian markets. The loan will allow a new bypass to be built on one of the country's main transport arteries in the southern Zhambyl province, as well as the rehabilitation of other existing routes.
    Read More

Highlighted Content