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Economic

SOUTH SUDAN/UNI PROJECTBack
[Published: Friday September 14 2012]

South Sudan plans China-backed $2.5 bln university project

Juba, 14 Sep - (ANA) - South Sudan plans to build five new university campuses with $2.5 billion in oil-backed loans from China, a minister said yesterday. The move is expected to boost education in a country where just over a quarter of adults can read. South Sudan seceded from Sudan last year under a 2005 peace deal after decades of civil war that left South Sudan one of the world's least developed countries. Despite netting billions of dollars in oil revenues between 2005 and 2011, the government has struggled to build up state institutions and provide basic services. The country is now planning to move its five public universities to new, modern campuses with the Chinese loans   backed by oil, Higher Education, Science and Technology Minister Peter Adwok Nyaba said. The project was due to start this year and was scheduled to finish in 2017, but has been delayed since South Sudan closed off its oil output in January in a dispute with Khartoum   over how much it should pay to export crude through pipelines in Sudanese territory. The South depends on oil for 98 percent of state revenues. (ANA)

FA/ANA/14 September 2012-------

 


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