Development, Marketing, Communications & Alumni Office

DMCA



ADB Project

On 19 June 2012, The University of the South Pacific (USP) signed its first loan agreement with the Asian Development Bank (ADB) for a multitranche financing facility (MFF) of up to US$19 million equivalent to support USP in enhancing access to higher education in its 12 member Pacific Island Countries by improving physical environment and learning programmes. Improved access to quality higher education at USP will contribute to human resource and skills development in the Pacific which will promote inclusive growth engaged by higher productivity and diversification of the region’s economy.

The MFF for this investment program consists of three tranches which is to be implemented over the 2012 – 2019 period.

For more information, please contact:

Tevita Banuve                                  Ph #: (679) 3232 321
Project Manager                               Fax: (676) 3231 551
USP                                                 Email: tevita.banuve(at)usp.ac.fj
Laucala Campus
Suva

Tranches

Tranche 1

Tranche 1

Tranche 1 of the project financed the construction of a new 3-storey building (ground floor left vacant as additional study area) at the USP Kiribati Campus. Initially, the construction was estimated to cost a total of US$3.975 million, however, due to a change in building structure, an additional US$1 million was required and this was reallocated from the Tranche 3 allocation in May 2014. The project total cost of US$4.795 million will support civil works and ICT connectivity including the construction of additional classrooms, Information and Communication Technology (ICT) studio, and administrative facilities at the campus.

The Tranche 1 loan required a sovereign guarantee which the Government of Kiribati provided and signed with ADB on 3 July 2012 for the original financing of US$3.975 million and the guarantee for the additional financing of US$1 million was signed with ADB on 27 May 2014.

The new campus was completed in late 2015 and was officially opened by the President of Kiribati on 3 November 2015. Classes at the campus commenced at the beginning of Semester I, 2016. 

Tender

1. An invitation for Expression of Interest for the Detailed Engineering Design & Documentation for the 3 Storey Building at USP Kiribati Campus was issued by USP as per ADB policy.

2. Invitation for Bids for the building construction was issued by USP as per ADB policy.

Tranche 2

Tranche 2

An allocation of US$13.55 million has been earmarked for the Tranche 2 loan of which a sum of US$9.75 million will be for the construction of the New USP Solomon Islands campus to accommodate the growing number of students, especially those from remote areas. The civil works construction of this new campus will include modern teaching facilities, classrooms, an ICT studio, library, science laboratories, student cafeteria, medical center, dormitories, faculty offices, recreational areas and administrative facilities.

The Solomon Islands Government (SIG) identified and leased to USP on 17 April 2013 a site at Ndoma (23kms north-west of Honiara). After much delay in undertaking a topographical survey and getting full unexploded ordnance (UXO) clearance of the site, together with the substantial costs estimated to provide services/utilities, infrastructure and construction of campus buildings at the 100 hectare greenfield site at Ndoma, it was agreed by all parties (SIG, USP, ADB) that a more suitable site within Honiara be identified for the new campus. 

At the end of July 2015, SIG approved the leasing of a 14 acre block of land west of and adjacent to the KGVI School, some 7 kms east of Honiara (3 kms west of Honiara International Airport). A campus concept design was prepared by a USP-recruited architectural consultancy firm from Fiji in September 2015 which an ADB-recruited engineering consultancy firm from New Zealand has been using to draw up and finalise a Master Campus Development Plan (MCDP). 

Other related project preparatory works are currently underway and it is envisaged that the project will be ready for consideration and approval by the ADB President in Quarter III, 2016. Due to the high costs estimated for the new USP SI Campus, discussions have commenced with ADB for the transfer of the balance in the Tranche 3 allocation (US$1.85m) to the Tranche 2 allocation giving a total loan sum of US$15.4m for the new campus development. 


Disclaimer & Copyright l Contact Us l 
© Copyright 2004 - 2017. All Rights Reserved.
Page updated: Monday, April 11, 2016
Development, Marketing, Communications & Alumni Office
The University of the South Pacific
Laucala Campus, Suva, Fiji
Tel: (679) 323 2148
Fax: (679) 323 1551