Higher Education in the Pacific Investment Program - Tranche 2 (ADB-42291-026)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 21, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
The University of the South Pacific
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, etc.
Loan Amount (USD)
$ 15.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD)
$ 1.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 20, 2017

Disclosed by Bank Oct 31, 2016


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Project Description
According to ADB website, Project 2 (with additional financing) will support the expansion of the University of the South Pacific (USP) regional campus in Solomon Islands to a new location in Honiara, at the King George VI School grounds, about 4 kilometers east of the existing campus. The scope of Project 2 includes the following: 1. Construction of classrooms, an ICT studio, science laboratories, faculty offices, administrative facilities, and a clean energy component supporting a solar photo-voltaic system 2. Enhancement of ICT-based education 3. Improvement of student support services 4. Strengthening of USP governance and management 5. Strengthening project management capacity of USP staff who will be involved in project implementation. This project is associated to approved projects (ADB-42291-024 and ADB-42291-025) and to a closed project (ADB-42291-012).
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Thonden, Chimi Pacific Department, ADB No contact information provided at the time of disclosure. Ms. Emma Veve Director, ADB Telephone No.: +63 2 6831630 Email Address: eveve@adb.org Office Address: 6 ADB Avenue, Mandaluyong City 1550 Metro Manila, Philippines Executing Agency: The University of South Pacific Professor Rajesh Chandra, Vice-Chancellor and President Telephone No.: +679 323 2313 Email Address: chandra_r@usp.ac.fj Office Address: Laucala Campus, Suva, Fiji ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main