Strengthening Higher Engineering Education (ADB-45192-002)

Countries
  • Nepal
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
Proposed
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.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 70.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Aug 11, 2017

Disclosed by Bank Sep 26, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
DESCRIPTION Nepal needs a world-class higher engineering education institute (WCHEEI) to help enhance global competitiveness of Nepal's economy. Objectives of establishment of WCHEEI in Nepal will (i) produce qualified graduates who are in high demand on the labor market, (ii) conduct leading-edge research published in journals, and (iii) contribute to technical innovations for economic development. International and regional good practices of WCHEEI operation emphasize the value of national strategic orientation, autonomy, international/regional competitiveness, sustainable funding, and partnership. To develop WCHEEI, three key factors are important: (i) concentration of talents (internationalization of faculty staff and students), (ii) provision of adequate financial resources, and (iii) favorable governance. WCHEEI will develop capacity to compete in the global higher education marketplace through the acquisition, adaptation, and creation of advanced knowledge. PROJECT RATIONALE AND LINKAGE TO COUNTRY/REGIONAL STRATEGY Strengthening higher engineering education (HEE) project aims at improved quality and relevance of skills acquired by graduates to better respond to labor market needs. The project supports Nepal to establish a world-class higher engineering education institute (WCHEEI). The project is fully consistent with Nepal's country partnership strategy, and is included in the country business operations plan in 2015-2017. IMPACT Inclusive economic growth and innovation supported by engineers and researchers (Nepal Government's Approach Paper to the Thirteenth Plan (2013-2016) OUTCOME Market-relevance and quality of HEE programs offered by WCHEE improved improved CONSULTING SERVICES tbd PROCUREMENT tbd
Investment Description
  • Asian Development Bank (ADB)
Loan: Strengthening Higher Engineering Education Concessional ordinary capital resources / Asian Development Fund US$ 70.00 million
Contact Information
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 CONTACTS Responsible ADB Officer Song, Gi Soon Responsible ADB Department South Asia Department Responsible ADB Division Human and Social Development Division, SARD Executing Agencies Ministry of Education Sano Thimi Kathmandu, Nepal