Papua New Guinea : State-Owned Enterprises Reform Program, Subprogram 2

Sovereign Project | 53424-002

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 reforms improve the legislative and policy framework for SOEs, the governance and transparency of SOEs, and financial sustainability of specific SOEs. Policy actions achieved under subprogram 1 have been sustained and are built upon by subprogram 2 actions.

Project Details

  • Project Officer
    Rees, Matthew J.
    Pacific Department
    Request for information
  • Country/Economy
    Papua New Guinea
  • Sector
    • Public sector management

Related Projects

Project Name State-Owned Enterprises Reform Program, Subprogram 2
Project Number 53424-002
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 2
New Zealand Grant US$ 1.00 million
Loan 4155-PNG: State-Owned Enterprises Reform Program, Subprogram 2
Ordinary capital resources US$ 150.00 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 reforms improve the legislative and policy framework for SOEs, the governance and transparency of SOEs, and financial sustainability of specific SOEs. Policy actions achieved under subprogram 1 have been sustained and are built upon by subprogram 2 actions.
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.15 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
Project Outcome
Description of Outcome
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 Rees, Matthew J.
Responsible ADB Department Pacific Department
Responsible ADB Division Social Sectors and Public Sector Management Division
Executing Agencies
Department of Treasury
Timetable
Concept Clearance 04 Dec 2022
Fact Finding 06 Sep 2021 to 10 Sep 2021
MRM 24 Sep 2021
Approval 09 Dec 2021
Last Review Mission -
Last PDS Update 09 Dec 2021

Loan 4155-PNG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
09 Dec 2021 15 Dec 2021 23 Dec 2021 31 Mar 2022 - 31 Mar 2022
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 150.00 Cumulative Contract Awards
ADB 150.00 17 Jun 2022 150.00 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 17 Jun 2022 150.00 0.00 100%

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