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LOANS & CREDITS

Papua New Guinea - Road Maintenance and Rehabilitation Project, Phase 2 - Additional Financing

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Washington DC, February 18, 2014—The World Bank's Board of Executive Directors today approved the following project.

IDA Credit: US $126.50 million equivalent
Terms: Maturity = 25 years, Grace = 5 years
Project ID: P145120

Project Description: The objectives of the project are to improve road transport to project areas through providing satisfactory physical condition and safety in selected roads; strengthen institutional arrangements for road maintenance, including the participation of the private sector and communities and enhance road-related economic opportunities for women.