Project Name State-Owned Enterprises Reform Program, Subprogram 3
Project Number 53424-003
Country / Economy Papua New Guinea
Project Status Closed
Project Type / Modality of Assistance Grant
Loan
Source of Funding / Amount
Grant: State-Owned Enterprises Reform Program, Subprogram 3
New Zealand US$ 1.00 million
Loan 4266-PNG: State-Owned Enterprises Reform Program, Subprogram 3
Ordinary capital resources US$ 250.00 million
Operational Priorities OP2: Accelerating progress in gender equality
OP6: Strengthening governance and institutional capacity
Sector / Subsector

Public sector management / Reforms of state owned enterprises

Gender Effective gender mainstreaming
Description

The program, comprising three subprograms, targets improvements in the operational performance and financial sustainability of state-owned enterprises (SOEs) and helps strengthen service delivery. Policy actions achieved under subprograms 1 and 2 have been sustained and are built upon by subprogram 3 actions. Policy reforms under subprogram 3, which is the final subprogram, will further strengthen legislative and policy frameworks for SOEs; enhance governance and transparency; and improve financial sustainability of priority SOEs.

Project Rationale and Linkage to Country/Regional Strategy The program is consistent with ADB's Strategy 2030 operational priorities of strengthening governance and institutional capacity (including SOE reforms to improve service delivery) and accelerating progress in gender equality. With the aim of improving service delivery and financial performance of SOEs, the program strengthens governance and institutional capacity through completing and implementing policy and regulatory frameworks for SOEs, competition, and PPPs.
Impact

Delivery of services across PNG at high quality and affordable prices

Project Outcome
Description of Outcome

Operational performance of SOEs improved

Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Nation-wide
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Responsible ADB Officer Narain, Ashish
Responsible ADB Department Sectors Group
Responsible ADB Division Public Sector Management and Governance Sector Office (SG-PSMG)
Executing Agencies
Department of Treasury
Timetable
Concept Clearance 04 Mar 2020
Fact Finding 05 Sep 2022 to 09 Sep 2022
MRM 10 Oct 2022
Approval 02 Dec 2022
Last Review Mission -
Last PDS Update 02 Dec 2022

Loan 4266-PNG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
02 Dec 2022 14 Dec 2022 19 Dec 2022 30 Apr 2023 - 02 Mar 2023
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 250.00 Cumulative Contract Awards
ADB 250.00 10 Mar 2023 250.00 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 10 Mar 2023 250.00 0.00 100%
 
This page was generated from /projects/53424-003/main on 04 April 2024

Source URL: https://www.adb.org/projects/53424-003/main