Bishkek, Kyrgyz Republic, 29 October 2015 – 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.
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 will be a key intellectual driver and serve as a role model to encourage others to raise standards in the region,” said Shamsh Kassim-Lakha, Executive Chairman of UCA’s Board Executive Committee and AKDN Diplomatic Representative to the Kyrgyz Republic.
Learn more about UCA’s Khorog campus here.
Read the full press release here.