Project Data Sheet
Project 53364-001
Project Data Sheet
Project 53364-001
| Project Name | Supporting State-Owned Enterprise Reforms | ||||||||
| Project Number | 53364-001 | ||||||||
| Country / Economy | Papua New Guinea |
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| Project Status | Active | ||||||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Operational Priorities | OP2: Accelerating progress in gender equality OP6: Strengthening governance and institutional capacity |
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| Sector / Subsector | Public sector management / Reforms of state owned enterprises |
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| Gender | Some gender elements | ||||||||
| Description | The knowledge and support technical assistance (TA) will strengthen the financial sustainability of state-owned enterprises (SOE) in Papua New Guinea (PNG), thus helping to improve public service delivery. The TA will provide advisory support to improve the overarching policy and legal framework for SOE governance in PNG. It will also support reforms to strengthen and restructure operations in specific SOEs. | ||||||||
| Project Rationale and Linkage to Country/Regional Strategy | |||||||||
| Impact | Service delivery by PNG's SOEs enhanced |
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| Project Outcome | |
|---|---|
| Description of Outcome | Financial sustainability of SOEs improved |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | Advice on overarching policy and legal framework reforms provided Advice on SOE reforms in selected sectors provided |
| Status of Implementation Progress (Outputs, Activities, and Issues) | A standard executive and board director's performance management and review system for use across all nine SOE entities under the ownership and supervision of KCH and standard compensation and benefit policies across SOEs were developed and approved in July 2021. Training, accreditation, and support for new women directors were completed in December 2021. The playbook for KCH, which includes board composition framework and recommended profiles for each group company; training and accreditation for directors; selection processes and criteria for hiring new directors and extending existing terms; and a diversity policy for SOEs, was prepared in October 2021. Further improvement to some components is ongoing. Organizational design of selected SOEs and a corporate policies and procedures manual for KCH, which includes human resource, procurement, finance, and audit policies, with focus on good governance were completed in December 2021, these are still with the KCH Board for approval. A series of strategic workshops on situational analysis and policy changes was held during OctoberNovember 2020. Updated procurement policies and standard procurement documents have been developed, in collaboration with PPL Executive Management, to align PPL procurement with both good practice and the 2021 amendments to the KCH Act. The framework has been approved by the PPL board and is currently being implemented following an organizational restructure. This process is being rolled out to KCH and Air Niugini by the specialist through in-country workshops and reviews in collaboration with executive management. Updated procurement policies are currently being submitted to relevant boards which, upon approval will enable implementation of updated processes, documentation, and role adjustments. |
| Geographical Location | Nation-wide |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | |
| During Project Implementation | |
| Business Opportunities | |
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| Consulting Services | Consultants have been engaged following the ADB Procurement Policy (2017, as amended from time to time). |
| Responsible ADB Officer | Rees, Matthew J. |
| Responsible ADB Department | Pacific Department |
| Responsible ADB Division | PASP |
| Executing Agencies |
Ministry of Public Enterprises |
| Timetable | |
|---|---|
| Concept Clearance | 21 Oct 2019 |
| Fact Finding | 17 Sep 2019 to 20 Sep 2019 |
| MRM | - |
| Approval | 05 Nov 2019 |
| Last Review Mission | - |
| Last PDS Update | 29 Sep 2022 |
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 05 Nov 2019 | 29 Nov 2019 | 29 Nov 2019 | 31 Dec 2022 | 31 May 2024 | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 1,500,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,500,000.00 | 21 Apr 2023 | 702,730.55 |