Grant Description
China Eximbank provides loan worth PGK 419.7 million for Buna Water Supply System Project In 2018, the Export-Import Bank of China provided a loan for the Bunu Water Supply System Project in Papua New Guinea.
The total cost of the project is 475.4 million Kina, the Exim Bank loan will finance 88% of the project and PNG will finance the final 12%, 55.7 million Kina (
📚 Sources & References
- VOLUME 3B PUBLIC INVESTMENT PROGRAM FOR STATUTORY AUTHORITIES AND PROVINCIAL GOVERNMENTS 2019 – 2023). The project will provide a clean water supply to the North West elecorate of Port Moresby, the commercial site of the LNG plant, and the Napanapa
- Motukea, and Motuan communities. Water PNG
- Ltd. will maintain the project once it is completed. Water PNG also won the construction supervisor contract for the project on March 25, 2019 (source: TC # 52/2019: CONSTRUCTION SUPERVISION
- Bunu Water Supply Project). The project is expected to be completed in 2025. The loan has yet to be confirmed as of 2019 (source: Water companies merger queried
- VOLUME 3B PUBLIC INVESTMENT PROGRAM FOR STATUTORY AUTHORITIES AND PROVINCIAL GOVERNMENTS 2019 – 2023). Sources: VOLUME 3B PUBLIC INVESTMENT PROGRAM FOR STATUTORY AUTHORITIES AND PROVINCIAL GOVERNMENTS 2019 – 2023
- Water companies merger queried
- Bunu Water Supply Project
- TC # 52/2019: CONSTRUCTION SUPERVISION OF THE BUNU WATER SUPPLY PROJECT – SCHEME 2 (50 MEGA LITRES PER DAY)
- Water PNG announces new K419mil water supply plant
- SOE Minister accompanies Treasurer to visit Port Moresby's Bunu water project 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.