A Flexible Financing Model for Large-Scale Infrastructure Investments
Improving air transport is crucial to Papua New Guinea’s economic and social development, and the key to improving connectivity in the country.
The Civil Aviation Development Investment Program, a project supported by a multitranche financing facility from the Asian Development Bank (ADB), is establishing a sustainable civil aviation network for Papua New Guinea by improving airport facilities and services, and building the capacity of civil aviation agencies.
The project offers lessons for large-scale development projects that require long-term investments.