Skip to main content

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 highway links planned for Vietnam
    November 9, 2017
    Several major highway projects are being planned for Vietnam. The largest is for the construction of the North-South Expressway, which will improve transport connections for the country. Financing is being secured for the North-South Expressway, with some US$5.23 billion being secured. The Vietnamese Government will pay up to 39% of the cost of the work, with loans and private sector funding paying for the remaining 61%. Meanwhile a South Korean contractor will carry out a series of road projects in Can
  • US$4.4 billion planned for Indian roads
    February 14, 2024
    US$4.4 billion of works are being planned for two Indian road projects.
  • Western Australia roads upgrades being planned
    October 5, 2017
    Three road upgrades are being planned in Western Australia, which will improve safety and journey times for drivers, while cutting congestion at peak periods. Funding for the projects will be provided jointly by the Australian Federal Government and the Western Australia State Government.
  • US$1.9 billion to replace collapsed Francis Scott Bridge
    May 8, 2024
    Replacing Baltimore’s collapsed Francis Scott Bridge will cost as much as US$1.9 billion.