The first installment payment of around US$1.5 mln (140.4 million francs) for the construction of the future University of Vanuatu has been paid to the Government of Vanuatu.
On Monday a payment agreement was signed between Philippe Germain, the President of New Caledonia’s government, and Charlot Salwai, Prime Minister of Vanuatu, Franceinfo reports.
The future national university will be bilingual and will allow many students from Vanuatu to study locally. The construction is 60% financed by the French Development Agency, 24% of the project cost is financed by the Government of New Caledonia.
A payment agreement for 140.4 million francs was signed between Philippe Germain and Charlot Salwai in the presence of Jean-Pierre Nirua, Vanuatu’s Minister of Education. This payment corresponds to the financing of the first installment of the construction works. This is the last step before the operational launch of the project,
The Department of Procurement, Property and Resources (DAPM) of the Government of New Caledonia will provide assistance to the project and will be involved in all the decisive stages of the project.