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. Additional funds are provided in the form of official loans and grants, technical assistance, other concessional financing, 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 1971 to the end of 2016, cumulative direct value-added (DVA) official cofinancing for PNG amounted to $230.4 million for 18 investment projects, and $6.9 million for 11 technical assistance projects. Cumulative DVA commercial cofinancing for PNG amounted to $157.14 million for two investment projects.
In 2016, PNG received a $20 million grant cofinancing from the European Union for the Highlands Region Road Improvement Investment Program—Project 3; and $8.4 million loan cofinancing from the European Investment Bank for the Bridge Replacement for Improved Rural Access Sector.
Papua New Guinea: Projects Cofinanced, 1 January 2012–31 December 2016
|Cofinancing||No. of Projects||Amount ($ million)|
|Technical Assistance Grant||1||0.95|
a A project with more than one source of cofinancing is counted once.
Investment Projects Cofinanced for Papua New Guinea, 1 January 2012–31 December 2016
|Project||ADB Amounta ($ million)||Cofinancing Amount ($ million)||Type of Cofinancingb|
|Bridge Replacement for Improved Rural Access Sector||90.00||58.40||O|
|Building Climate Resilience to Climate Change in Papua New Guinea||–||24.25||G|
|Highlands Region Road Improvement Investment Program - Project 3||109.31||19.99||G|
|Improved Energy Access for Rural Communities||–||5.00||G|
|Town Electrification Investment Program – Tranche 1||–||4.77||G|
– = nil.
a Loan, grant or blend.
b G = grant cofinancing, O = official loan cofinancing.