PNG secures K125 million loan for clean water expansion

Papua New Guinea has secured a significant K125 million concessional loan from the European Investment Bank (EIB) Global, marking a landmark agreement to improve clean water access nationwide. The financing was officially announced on Tuesday following the signing of the agreement between PNG and the EU at the 5th EU-PNG Business Forum held in Port Moresby.

This substantial investment is earmarked for a crucial project designed to deliver clean and safe drinking water to an estimated 400,000 individuals residing in rural communities throughout the country. The initiative directly addresses the pressing need for improved water infrastructure in underserved areas.

The EIB Global's commitment underscores a continued partnership aimed at fostering sustainable development and enhancing the quality of life for Papua New Guineans. The project is expected to have a transformative impact on public health and well-being in the targeted rural regions.