| Project Detail |
The Project aims to supply highly skilled engineering workforce to the labor market through providing necessary educational infrastructure to Russian higher education institutions (HEIs).
Project Description
The Project will establish Advanced Engineering Schools at about 30 HEIs in Russia to prepare graduates with solid engineering skills. Establishment of the Advanced Engineering Schools involves development of new or redesign of existing education programs tailor-made for concrete enterprises (Industry Partners), along with new equipment, software, laboratories and other infrastructure elements necessary to carry out educational process and replicate successful practices across the country.
Expected Benefits
The Project will contribute to: (i) increased supply of highly skilled engineers; (ii) enhanced capacity in research and development of HEIs; and will result in increased labor productivity in Russia.
Environmental and Social Aspect
The Project has been assigned category “B” in line with NDB’s Environment and Social Framework. Main environmental and social impacts of the Project will be associated with civil construction and installation works during construction of new laboratories and other buildings of educational infrastructure at participating HEIs. The Project will not require additional land acquisition or any resettlement.
Financing Aspect
The total cost of the Project is estimated to be USD 600 million. The NDB will finance USD 500 million or 83% of the total estimated cost. The remaining balance will be financed by counterpart funds from the participating HEIs and Industry Partners. |
