A press release from Asian Development Bank reports the Asian Development Bank (ADB) and the Papua New Guinea (PNG) National Airports Corporation (NAC) signed a transaction advisory services agreement to develop a new international passenger terminal at Port Moresby (Jacksons) International Airport through public–private partnership (PPP) on 2 February 2017.

According to Marcelo Minc, Country Director of ADB’s PNG Resident Mission, ADB has been a key development partner to NAC for several years through the landmark Civil Aviation Development Investment Program.