ADB loan

“ADB has long been engaged in SOE reforms in PNG and built strong relationships with several SOEs. The Government of PNG has made good progress on reforms and remains committed to improving the performance of its SOE portfolio,” said ADB Principal Public Management Specialist for the Pacific, Pamela Wyatt.

Most essential services in PNG, such as energy, water, telecommunications, ports, and air transport are provided by SOEs. The ADB-supported PNG SOE Reform Program aims to help SOEs deliver high-quality services at affordable prices.

Prime Minister Peter O’Neill announced in Goroka on Tuesday, that the loan of $USD1 billion will go towards the rehabilitation of the highway instead of mainainance which does not last long.

The first stage has started with $USD 300 million works being done by the department of works.

The PM said the population of the country is increasing at an alarming rate, and vital infrastructure like roads must be built must be built to serve the population today.