The Australian Government has agreed to support the Marape Government’s signature Connect PNG Transport Initiative making available funding of K190m for the Connect PNG Road Maintenance Program.
It will co-fund, with the National Government, Tranche 1 of Connect PNG, which aims to stimulate social and economic development by improving and expanding transport links across the nation.
Australia will provide AU$70 million (K170 million) on concessional terms, including a grant component, and PNG will co-fund just under one-tenth of the work at K16 million. Tranche 1 of Connect PNG focuses on the Trans-National Highway.
This funding, from the Australian Infrastructure Financing Facility for the pacific, covers the 9-mile Junction to Bulolo section of the highway in Morobe Province, and the Passam to Lumi section in East Sepik and Sandaun Provinces.
Treasurer Ian Ling-Stuckey welcomed Australia’s funding decision, saying it was an important contribution to Connect PNG and the aspirations of the Marape Government to transform the domestic economy.
Mr Ling Stuckey said the Tranche 1 project could be the start of further road financing, of up to $370 million, from the AIFFP, focusing on the Trans National Highway. The Trans- National Highway is the major element of Connect PNG, a 20-year program to link all four regions.
Feature Pic: Australian High Commissioner to PNG HE Jon Philp, briefing Treasurer Hon. Ian Ling–Stuckey and Treasury officials on development project
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