10 September 2014

ADB is seeking applicants for assignment in Sydney on the Pacific Business Investment Facility

ADB is seeking applicants for three positions at the Pacific Liaison and Coordination Office (PLCO), Sydney, working on the forthcoming Pacific Business Investment Facility

The Pacific Business Investment Trust Fund (Trust Fund) and related Pacific Business Investment Facility (BIF) will support businesses of all sectors in the region to realize commercial success and sustainability. The BIF will foremost provide business advisory services to businesses in the Pacific seeking commercial finance and in a small number of selected cases the Trust Fund will provide concessional loans to a small number of businesses, in parallel with commercial finance. Read on...

8 September 2014

GRAPHIC: ADB Welcomes New Public–Private Partnership Act in PNG

PORT MORESBY, PAPUA NEW GUINEA –The Asian Development Bank (ADB) has welcomed a new law making it easier to develop and implement public–private partnerships (PPPs) in Papua New Guinea (PNG). The Public–Private Partnership Act was passed by National Parliament of PNG early this month by a unanimous vote of 67-0. The new Act establishes a Public–Private Partnership Centre to assist the government in developing, tendering and implementing PPPs.    READ MORE

7 September 2014

NEWS RELEASE: ADB welcomes new Public Private Partnership Act in Papua New Guinea

National Parliament of PNG. PIC CREDIT: Rocky Roe
PORT MORESBY, Papua New Guinea, 9 September 2014The Asian Development Bank (ADB) has welcomed a new law making it easier to develop and implement public–private partnerships (PPPs) in Papua New Guinea (PNG). The Public–Private Partnership Act was passed by National Parliament of PNG early this month by a unanimous vote of 67-0.
The new Act establishes a Public–Private Partnership Centre to assist the government in developing, tendering and implementing PPPs. ADB provided policy guidance and support in drafting the legislation, which is part of wider reforms to increase private investment in the delivery of infrastructure services.
“Private sector partnerships allow governments to do more with less, expanding service delivery and technical know-how without immediate drawdowns on limited fiscal resources,” said Andrea Iffland, Regional Director of ADB’s Pacific Liaison and Coordination Office. “This new Act creates a transparent and robust process for PPP project development in Papua New Guinea which ultimately will encourage more private investment."