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Summary sheet

Release date
24 September 2024
Status
Reference
Approved | 06/11/2024
20240122
Project name
Promoter - financial intermediary
WATER PNG FRAMEWORK LOAN
INDEPENDENT STATE OF PAPUA NEW GUINEA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 25 million (EUR 23 million)
USD 39 million (EUR 36 million)
Location
Sector(s)
  • Water, sewerage - Water supply; sewerage, waste management and remediation activities
Description
Objectives

The project consists of the expansion of water supply services (WSS) to urban areas in Papua New Guinea, specifically to four provincial towns and the reduction of non-revenue water in the capital, Port Moresby.

Water PNG received support with this project to meet the national targets by 2030 for urban areas, namely provide 95% of the population with access to a safe, convenient and sustainable water supply. The non-revenue-water project component in Port Moresby will further reduce water loss and therefore improve the utility's revenues to sustain and support expansion into new district towns. The project will also contribute to achieving Sustainable Development Goals (6, 11 and 13).

Environmental aspects
Procurement

The Promoter will be required to implement and operate the investments in conformity with national laws, as well as the EIB's environmental and social standards. The project intends to bring environmental benefits by contributing to the protection of both surface water and groundwater bodies through improving the efficiency of the water supply infrastructure. Most of the schemes to be financed under the investment loan are expected to have limited adverse environmental and social impacts. Where a formal EIA is required, a copy of the Environmental & Social Impact Study or the Non-Technical Summary (NTS) or equivalent document will be provided to the Bank, and published on its website. The Promoter will also be required to verify that none of the schemes submitted for financing by the Bank have a significant negative impact on any site of nature conservation importance. The Promoter's capacity to ensure that the schemes are in compliance with the EIB's environmental and social standards will be also verified at appraisal. The project is expected to contribute to climate action and environmental sustainability (CA&ES) objectives, in particular to climate mitigation, climate adaptation, sustainable use and protection of water and marine resources.

The Bank will require the Promoter to ensure that any procurement under the project will be done in accordance with the Bank's Guide to Procurement.

Under Global Europe NDICI guarantee

Under EFSD+ Guarantee

Milestone
Under appraisal
Approved
6 November 2024
Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - WATER PNG FRAMEWORK LOAN
Publication Date
8 Nov 2024
Document language
Main Topic
Lending
Document Number
226577163
Document Focus
Environmental Information
Project Number
20240122
Sector(s)
Countries
Publicly available
Download now
Other links

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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