Higher Education in the Pacific Investment Program - Tranche 1 (Additional Financing)

Date: May 2014
Country:
Subject:
Document Type: Periodic Financing Request Reports
Project Number: 42291-028

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Description

This is the periodic financing request report for the Higher Education in the Pacific Investment Program - Tranche 1. The University of the South Pacific has requested additional financing from the overall MFF envelope for Project 1 for use in the construction of USP’s Kiribati campus.

The additional financing for Tranche 1 would be reallocated from the MFF funds that had originally been allocated to Tranche 3, which will support establishment of a dormitory for regional students at the Laucala main campus of USP. The scope of Tranche 3 will be reexamined later following the proposed reallocation.