- Key Facts
- Board of Governors
- Board of Directors
- Departments and Offices
- Policies and Strategies
- Annual Meetings
- Independent Evaluation
- News & Events
- Data & Research
- Industry and Trade
- Information and Communication Technology
- Public Sector Management
- Social Protection
- Capacity Development
- Climate Change
- Environmental Sustainability
- Gender and Development
- Poverty Reduction
- Private Sector Development
- Regional Cooperation and Integration
- Social Development
- Urban Development
- Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA)
- Central Asia Regional Economic Cooperation (CAREC)
- Greater Mekong Subregion (GMS)
- Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT)
- South Asia Subregional Economic Cooperation (SASEC)
- European Representative Office
- Japanese Representative Office
- North American Representative Office
- Pacific Liaison and Coordination Office
- Pacific Subregional Office
Countries with Operations
- China, People's Republic of
- Cook Islands
- Kyrgyz Republic
- Lao PDR
- Marshall Islands
- Micronesia, Federated States of
- Papua New Guinea
ADB to Help Establish Pacific Aviation Safety Office
MANILA, PHILIPPINES - ADB will help boost aviation safety and security in the Pacific, through a loan and technical assistance package approved today totaling US$1.95 million to complete the setting up of a Pacific Aviation Safety Office (PASO).
PASO is a new regional agency that will provide aviation safety and security oversight, inspections, and technical assistance to airlines, airports, and civil aviation authorities of Pacific developing member countries of ADB.
"ADB financing will enable PASO member countries to collectively meet their international obligations for aviation safety and security in the most effective and cost efficient manner," says Robert Guild, an ADB Transport Specialist.
The ADB loan will finance the complete establishment and operational inception of PASO in its new headquarters in Port Vila, Vanuatu. An associated technical assistance (TA) grant will finance regulatory and legislative harmonization and recertification of airlines.
Key features of the new organization are that it will:
- Improve aviation safety and security to the highest international standards
- Harmonize the operating environment across member countries
- Ensure compliance through the Pacific Islands Civil Aviation Safety and Security Treaty
- Reduce costs to governments, airlines, and airport operators
- Become financially self-sustaining through service fees.
"ADB is supporting the project as a new mechanism for regional cooperation, and as a solution to well-known problems of scale and capacity in the Pacific," Mr. Guild adds.
"PASO is the most effective but least costly solution to the Pacific aviation industry's needs and represents a new approach to regional finance, through a loan made directly to an intergovernmental organization."
The project will involve harmonization of aviation safety and security regulations, recertification of airlines, institutionalization of a regional surveillance and inspection system, and physical refurbishment of PASO itself.
The total cost of the project is estimated at $2.1 million, of which the PASO members will contribute $600,000 equivalent.
ADB is providing a $1.5 million loan from its concessional Asian Development Fund. The loan has a 32-year term, including a grace period of eight years. Interest is charged at 1.0% during the grace period and 1.5% subsequently. The governments of Kiribati, Papua New Guinea, Samoa, and
A TA grant of $450,000 comes from ADB's Cooperation Fund for Regional Transportation and Financial Security Initiative, funded by the governments of
PASO member countries are