EDUCATION II

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The Second Education Project will finance the cost of construction of the school buildings, procurement of equipment and furniture, site development, architectural consulting services, and technical assistance required for the continuing development of programs and methods for teaching industrial and agricultural subjects. The loan will finance in full the foreign exchange costs of equipment and furniture procured abroad, the costs of technical assistance, and interest and other charges during construction. The loan will also reimburse the Borrower for 30 percent of the costs of civil works, architectural consulting services, locally procured equipment and furniture and project administration. Equipment and furniture will be procured, and construction contracts will be let, under the Bank's normal international competitive bidding procedures.