Common Contracts
1 similar Framework Financing Agreement contracts
FRAMEWORK FINANCING AGREEMENTFramework Financing Agreement • June 1st, 2017
Parties This Framework Financing Agreement (“FFA”) dated 15 May 2017 is between the Independent State of Papua New Guinea (“the Borrower”), and Asian Development Bank (“ADB”). Investment Program The Borrower is committed to and will implement the transport infrastructure improvements and institutional strengthening and capacity development of the National Transport Strategy (“NTS”), of which the Sustainable Highlands Highway Investment Program (the “Investment Program”) is an integral part. Both the NTS and the Investment Program are described in Schedule 1 hereto. The total cost of implementing the NTS over the period 2016 to 2030, is expected to be approximately $17.8 billion equivalent. The total cost of the Investment Program, over the period from 2017 to 2027 is expected to be$1,015 million equivalent. Multitranche Financing Facility The Multitranche Financing Facility (the “Facility”) is intended to finance works and activities included in designed and packaged projects (“Tranche
