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

  • New Ethiopian bridge project going ahead
    May 3, 2019
    A major new bridge project is now going ahead in Ethiopia, with funding being provided by the Ethiopian Government.
    Read More
  • Central Ring Road to become one of most important projects in modern history of road-building in Russia
    December 16, 2014
    Moscow’s new ring road will provide a major economic boost and tackle congestion - Eugene Gerdner writes The Russian Government has officially started building of the Central Ring Road (CRR), one of the largest infrastructural projects in the modern history of the country. Total volume of investments in the project is estimated at more than US$7.2 billion (300 billion RUB). Building of the road should be completed by the World Cup 2018 and will be carried out as part of the existing state program ‘The de
    Read More
  • Roads for the future
    July 31, 2012
    Speakers at the 3rd European Road Congress looked at ways of preparing infrastructure to cater for future demands. Patrick Smith reports Road accidents in Europe can be reduced substantially, but vehicles will have to make more use of technology, and they will cost more. The problems will not be made any easier with the knowledge that road transport is set to double between 2040 and 2050. These were just some of the forecasts made at the 3rd European Road Congress, held in Brussels, Belgium, a key road sect
    Read More
  • Malta offers more residential road upgrade contracts
    March 25, 2019
    Infrastructure Malta, the government’s road agency, is putting out to tender contracts for the upgrade of 170 residential roads worth around €70 million. The work is divided into six contracts and covers a total of 52km of roads as well as 85km of pavement/sidewalks, signage and where necessary stormwater improvements. This latest announcement is part of a wider €700 million upgrade over seven years announced last year. The government let 120 contracts last year, of which 31 projects have started. Fiv
    Read More

Highlighted Content