PROJECT

Projects

Summary of Investment Information

Project Number

49799

Company Name

Wonye No. 2 Limited

Date SPI Disclosed

May 26, 2025

Country

Papua New Guinea

Region

East Asia and the Pacific

Projected Board Date

Jun 27, 2025

Environmental Category

B - Limited

Status

Pending Signing

Last Updated Date

Mar 23, 2026

Department

Regional Industry - MAS Asia & Pac

Industry

other

Previous Events

Approved : Mar 19, 2026

Sector

other

Additional Project Attributes

Blended Finance

Project Description

The proposed investment is an up to Papua New Guinea Kina (PKG) 70 million A Loan to Wonye No 2. Limited (the “Company”), a joint-venture company established for the development of a greenfield commercial property in Mount Hagen, Papua New Guinea. The IFC financing will be used to complete construction of a single storey mixed use retail development with total lettable area of 11,646 square meters (the “Project”). The project is expected to be supported by the IDA PSW Local Currency Facility (IDA PSW LCF) as described in the Blended Finance Section.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation