Published on : Friday, February 10, 2017
A new international passenger terminal at Port Moresby (Jacksons) International Airport will soon be developed through public-private partnership (PPP). Asian Development Bank (ADB) and Papua New Guinea (PNG) National Airports Corporation (NAC) has signed a transaction advisory services agreement to develop the airport.
ADB’s support is part of its ongoing assistance to PNG to identify and develop PPPs in the transport sector, a key priority in ADB’s 2016-2020 Country Partnership Strategy for PNG.
ADB has been supporting the government to improve 21 national airports to provide safer, more secure, and all-weather air transport services through the Civil Aviation Development Investment Programme. Jacksons International Airport is part of the programme.
“ADB has been a key development partner to NAC for several years through the landmark Civil Aviation Development Investment Programme,” said Marcelo Minc, Country Director of ADB’s PNG Resident Mission.
A new international passenger terminal, the extension of the main runway, and other infrastructure enhancements will help the airport meet forecast air services growth up to 2040.