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- Operations
- Laibin Vocational Education Project
Laibin Vocational Education Project
China
Borrower | China |
Financing Type | Public Sector |
Instrument | Project Loan |
Focus Area | Education |
Approved | 18.03.2014 |
Signed | 18.04.2015 |
Status | Completed |
Loan Administrator | OPEC Fund |
Executing Agency | Laibin Vocational Education Center Construction Committee |
Co-financiers | Government |
OPEC Fund Contribution (US$m) | 35.00 |
Total Project Cost (US$m) | 93.00 |
This project will construct a new vocational secondary school and campus center comprising over 225,000 m2 to help address the shortage of skilled workers in Laibin City. An estimated 15,000 students/year are expected to benefit from the project, as well as around 12,000 skilled laborers/year seeking additional training. The project will also increase the number of skilled workers to meet the demands of the local industries and rural areas, thus promoting the economic development of Laibin City.