PNG seek US $ 305.13mn for major road improvement projects

Powes Parkop, the Governor of National Capital District (NDC) Province in Papua New Guinea (PNG), says US $ 305.13 million (PGK 629mn) is being sought by the provincial government for road improvements. Of the targeted total, PGK 600mn is earmarked for the 2013 upgrade of several major routes including the Kookabara Street-Sir John Guise Drive flyover, the Erima roundabout, and the Paga Hill ring road. Some of the sum will also be allocated to build a four-lane road to link Bautama with Gerehu in preparati
October 26, 2012 Read time: 2 mins
Powes Parkop, the Governor of National Capital District (NDC) Province in Papua New Guinea (PNG), says US $ 305.13 million (PGK 629mn) is being sought by the provincial government for road improvements.

Of the targeted total, PGK 600mn is earmarked for the 2013 upgrade of several major routes including the Kookabara Street-Sir John Guise Drive flyover, the Erima roundabout, and the Paga Hill ring road. Some of the sum will also be allocated to build a four-lane road to link Bautama with Gerehu in preparation for the 2015 Pacific Games. The remaining PGK 29mn is for upgrades to six city roads to prepare for the royal visit by Camilla, the Duchess of Cornwall, and Prince Charles in November 2012.

Meanwhile, Francis Awesa, the Works Minister of Papua New Guinea (PNG), has disclosed that the government will use a loan of $ 2.91 billion (PGK 6bn) from 6018 EXIM Bank of China to finance a highway upgrade project. The project will involve short-term and immediate upgrades along the Highlands Highway.

For more information on companies in this article

Related Content

January 21, 2015

Papua New Guinea is set for extensive road bridge work upgrades

Papua New Guinea is set to start road and bridge upgrades that could cost upwards of US$576 million. Work on bridges will be paid partly through agreements with the Australian Department of Foreign Affairs, amounting to around US$53 million, and the Asian Development Bank which is putting in nearly $32 million. The Australian Department of Foreign Affairs has also earmarked $101 million to upgrade of arterial roads to standard concrete in the port city of Lae, the capital of Morobe Province. Lae, the
September 18, 2013

Papua New Guinea: 10 bridges to be rebuilt in Northern Province

A plan to repair 10 damaged bridges in Papua New Guinea’s (PNG) Northern Province has been submitted to the Cabinet for approval, according to PNG works minister Francis Awesa. The $53.17 million (PGK 130 million) project will be funded by the Australian Agency for International Development (AusAID) and the PNG government.
boombox1

Highlighted Content

boombox2