| Project Detail |
The project consists of the rehabilitation of the Port of Rabaul (New Britain Island) in Papua New Guinea. More specifically, the project includes the construction of new quays, the reinforcement and rehabilitation of other existing quays, related dredging works, as well as of land storage facilities and utilities. The project will increase the port facilities capacity and efficiency and enhance its resilience. Objectives The project will increase the capacity, efficiency and safety of the port facilities. The port facilities provided by this project support international and inter-island transport services for both cargo and passengers. The international fishing fleet operating in the area also seeks Rabaul Port for supplies although it does not usually unload fisheries related cargo. The project will create economic benefits by reducing logistic costs for the regions importers and by improving the accessibility for visitors. Economic benefits are also expected from improved safety and from a reduction of externalities from the maritime operations. The economic costs and benefits and resulting economic return will be assessed in detail during appraisal. Sector(s) Transport - Transportation and storage Under Global Europe NDICI guarantee Under EFSD+ Guarantee Proposed EIB finance (Approximate amount) EUR 24 million Total cost (Approximate amount) EUR 83 million |
