ADB to Boost Disaster Resilience of Quake-Damaged Schools in Nepal
Published on 2018-09-12
September 12, 2018: The Board of Directors of the Asian Development Bank (ADB) has approved a loan and grant package totaling more than $160 million to improve schools’ resilience to disasters in three provinces of Nepal.
The project will help the Government of Nepal meet a share of the financing gap to reconstruct schools heavily damaged by the devastating earthquake of 2015.
“The newly constructed schools will not only be earthquake resilient but also provide a safe learning environment for children with improved facilities and systems,” the statement quoted ADB Country Director in Nepal Mukhtor Khamudkhanov as saying.
The project will help fill the funding gap to rehabilitate 174 heavily damaged schools that would improve the quality of school education, access to education, and school management. Under the project, school buildings will be reconstructed to earthquake-resilient standards and equipped with science laboratories, information and communications technology rooms, libraries, water, sanitation, and hygiene facilities that are segregated.
The total project cost is $198.86 million, for which ADB said it will provide a concessional loan of $148.86 million and a grant of $10 million. A co-financing grant of $5 million will be administered by ADB from the Clean Energy Fund under the Clean Energy Financing Partnership Facility (funded by Australia, Norway, Spain, Sweden, and the United Kingdom). The government will meet the remaining cost of $35 million for the project, which is due for completion in September 2022.
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