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14 Dec 2017
Papua New Guinea: Lae Port Development Project
In 2007, the Board of Directors of the Asian Development Bank (ADB) approved (i) a $60 million ordinary capital resources loan; (ii) a $40 million equivalent Asian Development Fund loan, including the administration of (a) a $6 million OPEC Fund for International Development (OFID) loan; (iv) a $1.5 million Japan Fund for Poverty Reduction (JFPR) grant; and (v) a $0.75 million HIV/AIDS Cooperation Fund grant—all of which to finance a $154 million Lae Port expansion project.
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