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The project is estimated to cost $165 million. Detailed cost estimates by expenditure category and by financier are included in the project administration manual.

 

Summary of Cost Estimates

(US$ million)

 

Item

 

 

 

Amount

 

 

Based Costb

 

Innovative technology learning and research environment established

 

Quality and industry-relevant higher technology education programs implemented

 

Industry linkages and international collaborations strengthened

 

Faculty management capacity strengthened

 

New higher education project preparation supported

 

Subtotal (A) 

 

Contingenciesc

 

Financial Charges During Implementationd

 

Total (A+B+C)

 

 

112.2

 

4.8

 

10.7

 

3.5

 

5.0

 

136.2

 

16.7

 

12.1

 

165.0

 

 

The implementation arrangements are summarized in this table and described in detail in the project administration manual. 

 

   Aspects

 

 

Arrangements

 

 

 

  Implementation period

 

 

  Estimated completion date

 

 

  Estimated loan closing date

 

 

  Management

 

 

    -Oversight body

 

 

 

 

 

    -Executing agency

 

 

    -Key implementing  agencies

 

 

 

 

 

 

 

 

September 2018- December 2023

 

 

31 December 2023

 

 

30 June 2024

 

 

 

 

 

Project steering committee secretary, MHECA (chair)

Four vice chancellors, UGC, and other agencies (members)

 

 

MHECA

 

 

Universities of Kelaniya, Rajarata, Sabaragamuwa, and Sri Jayewardenepura