University of Central Asia receives Overseas Private Investment Corporation support to complete its campus in Khorog, Tajikistan

University of Central Asia receives Overseas Private Investment Corporation support to complete its campus in Khorog, TajikistanPublished 2015-10-29 16:47

Bishkek (AKIpress)  The University of Central Asia (UCA) is rapidly progressing to complete the construction of its second campus in Tajikistan, scheduled to be ready by 2017, at a total capital layout of $94.4 million, UCA said.

Alongside a $64.4 million commitment from the Aga Khan Development Network (AKDN), including $7.5 million from the Aga Khan Foundation, Overseas Private Investment Corporation (OPIC), the United States Government’s development finance institution has extended $30 million to complete Phase I construction of its Khorog campus. This support marks OPIC’s second partnership with AKDN, following financing to expand the Aga Khan University Hospital in Karachi, Pakistan.

“While OPIC’s contribution is financially significant, it is even more noteworthy as a demonstration of confidence in UCA’s objectives and the quality of its facilities and academic programmes.

This will no doubt encourage potential partners of the University. We are building three campuses of the same stature, facility and standards to ensure equity in development across UCA’s founding states.

We [UCA] will be a key intellectual driver and serve as a role model to encourage others to raise standards in the region.”

– Shamsh Kassim-Lakha, Executive Chairman of UCA’s Board Executive Committee and AKDN Diplomatic Representative to the Kyrgyz Republic.

When fully operational, UCA will have campuses in Tajikistan, Kyrgyzstan and Kazakhstan. The investment by OPIC builds upon the progress of UCA’s Naryn campusin the Kyrgyz Republic, scheduled to be the first to open in September 2016 and funded by AKDN. The Khorog campus will open in September 2017, followed by a third campus in Tekeli, Kazakhstan currently anticipated in 2019.

Recruitment for UCA’s first cohort of undergraduate students has already begun. The first four academic specialisations will be Bachelors degrees in Earth and Environmental Sciences and Economics in Khorog; Computer Sciences, and Communications and Media in Naryn; followed by Engineering Sciences and Business and Management in Tekeli.

Source: AKI Press | Central Asia | Science | University of Central Asia receives OPIC support to complete its campus in Khorog

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