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China Eximbank pledges loan for Lae–Nadzab Section of Highlands Highway Project (Linked to Record ID#63174 and #65114)
| Funder | China (People's Republic of) |
|---|---|
| Recipient Organization | Papua New Guinea |
| Country | Papua New Guinea |
| Start Date | Jul 24, 2014 |
| End Date | Apr 27, 2027 |
| Duration | 4,660 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 63173 |
Grant Description
China Eximbank pledges loan for Lae–Nadzab Section of Highlands Highway Project In 2012, there were several media reports about a 6 million Kina loan, part of which would go towards the Highlands Highway Project. However, this loan was never signed for.
The Highlands Highway is a 1200km, two-land road traversing the 7 provinces comprising the rural Highlands region, where 40% of PNG's population resides.
The Highlands Highway Project has been marked as a key infrastructure project because weather conditions have severely damaged the road. Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
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Papua New Guinea
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