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- Operations
- Shaanxi Vocational Education Project
Shaanxi Vocational Education Project
China
Borrower | China |
Financing Type | Public Sector |
Instrument | Blend Facility |
Focus Area | Education |
Approved | 12.12.2017 |
Signed | 21.04.2018 |
Status | Completed |
Loan Administrator | OPEC Fund |
Executing Agency | Shaanxi Youth Vocational Education Construction Committee (SYVECC) |
Co-financiers | Government |
OPEC Fund Contribution (US$m) | 35.00 |
Total Project Cost (US$m) | 45.50 |
To address a shortage of skilled workers by building a new Chang’an Campus at the Shaanxi Youth Vocational College that will replace two distant facilities. This will provide a market-oriented education for around 9,000 young job-seekers per year. In addition, the project is expected to attract around 6,000 skilled laborers each year seeking additional training.