EU Inks €33.5 Million Agreement With Papua New Guinea on Forest, Biodiversity and Green Investments

Two agreements have been signed between the European Union (EU), its bank the European Investment Bank (EIB), the Agence Française de Développement (AFD), Expertise France (EF) and other partners to provide support to PNG for the implementation of a Forest, Climate Change and Biodiversity Programme and Green Investments under the Global Gateway Strategy.

H.E. Jacques Fradin, Ambassador of the EU to PNG, signed a contract for €33.5 million EU funding with Expertise France, the French Government’s international technical cooperation agency and an entity of the AFD Group, for the implementation of the national component of the EU Forest, Climate Change and Biodiversity Programme in PNG.

This programme supports the PNG ambition to ensure sustainable management of its natural resources and its transition to a green, carbon-neutral economy. It will support a development model that reconciles climate change, environmental protection and biodiversity with sustainable, inclusive and gender-responsive green growth and jobs.

Ambassador Fradin also signed a Declaration of Intent on the sustainable rehabilitation of Ports infrastructure between the EU, AFD, EIB, the Australian Department of Foreign Affairs and Trade (DFAT) and PNG Ports Corporation.

The Declaration of Intent formalises a mutual understanding between the partners to cooperate for supporting the strengthening of PNG Port Corporation as a modern, reliable, safe and sustainable public company and by doing so, supporting the delivery of much-needed public services to the population of PNG across the country through the sustainable rehabilitation of Ports infrastructure.

EIB Vice-President Ambroise Fayolle, who leads the EU bank operations in the Pacific, said: “The Declaration of Intent on the sustainable rehabilitation of Ports infrastructure in PNG will enable the EIB, as the EU Climate Bank, to fully contribute to the Global Gateway Strategy. This project will help PNG Ports Corporation to be better prepared for major climate events and natural disasters and to ensure an efficient and safe functioning of its maritime activities.”