Papua New Guinea : State-Owned Enterprises Reform Program, Subprogram 3

Sovereign Project | 53424-003

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 Details

  • Project Officer
    Narain, Ashish
    Sectors Group
    Request for information
  • Country/Economy
    Papua New Guinea
  • Sector
    • Public sector management
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
Source Amount
New Zealand US$ 1.00 million
Loan 4266-PNG: State-Owned Enterprises Reform Program, Subprogram 3
Source Amount
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

Contact

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

Funding

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
  Total (Amount in US$ million)
Project Cost 250.00
ADB 250.00
Counterpart 0.00
Cofinancing 0.00
Loan Utilization
  Date ADB Others Net Percentage
Cumulative Contract Awards 10 Mar 2023 250.00 0.00 100%
Cumulative Disbursements 10 Mar 2023 250.00 0.00 100%

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Title Document Type Document Date
Loan Agreement (Ordinary Operations) for Loan 4266-PNG: State-Owned Enterprises Reform Program, Subprogram 3 Loan Agreement (Ordinary Resources) Dec 2022
State-Owned Enterprises Reform Program, Subprogram 3: Report and Recommendation of the President Reports and Recommendations of the President Nov 2022

Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.


Evaluation Documents See also: Independent Evaluation

None currently available.


Related Publications

None currently available.


The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.

Tenders

No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.