Papua New Guinea: Cofinancing
Cofinancing operations enable ADB’s financing partners, governments or their agencies, multilateral financing institutions, and commercial organizations, to participate in financing ADB projects. The additional funds are provided in the form of official loans and grants, technical assistance, other concessional cofinancing, and commercial cofinancing such as B loans, risk transfer arrangements, parallel loans and equity, guarantee cofinancing, and cofinancing for transactions under ADB’s Trade Finance Program.
From 1970 to the end of 2015, cumulative direct value-added (DVA) official cofinancing for Papua New Guinea amounted to $202 million for 17 investment projects, and $6.9 million for 11 technical assistance projects.
Cumulative DVA commercial cofinancing for Papua New Guinea amounted to $157.1 million for two investment projects.
In 2015, PNG received grant cofinancing of $31.9 million from the governments of Australia and New Zealand and the Strategic Climate Fund–Pilot Program for Climate Resilience, as well as loan cofinancing of $50 million from the European Investment Bank.
Papua New Guinea: Projects Cofinanced, 1 January 2011–31 December 2015
|Cofinancing||No. of Projects||Amount ($ million)|
|Technical Assistance Grants||3||2.35|
a A project with more than one source of cofinancing is counted once.
Investment Projects Cofinanced for Papua New Guinea, 1 January 2011–31 December 2015
|Project||ADB Amounta ($ million)||Cofinancing Amount ($ million)||Type of Cofinancingb|
|Bridge Replacement for Improved Rural Access Sector||90.00||50.00||O|
|Building Climate Resilience to Climate Change in Papua New Guinea||-||24.25||G|
|Improved Energy Access for Rural Communities||-||5.00||G|
|Rural Primary Health Services Delivery||20.00||49.00||G|
|Town Electrification Investment Program – Tranche 1||-||4.77||G|
- = nil.
a Loan, grant or blend.
b G = grant cofinancing. O = official cofinancing.