Asian Development Banks grant $163 million loan to Papua New Guinea for boosting air connectivity

The Asian Development Bank (ADB) and the Government of Papua New Guinea (PNG) today signed two loans to fund air services in PNG. The two loans amounting to almost $163 million were signed for the newly approved $171.5 million Civil Aviation Development Investment Program Phase 2. The program will upgrade five national airports for better safety and security, improve the power supply at Port Moresby International Airport, and enhance navigation and weather services by installing a standard automatic weather observation system. David Hill, Country Director for PNG, ADB said: “This innovative program will help boost economic and social development in