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Minutes of Discussions was signed between Government of Sri Lanka and Economic Development Cooperation Fund of Export Import Bank of Korea to establish ICT Hubs for Secondary Education in Sri Lanka. The Project aims to: a) improve ICT teaching and learning environment for secondary education in Sri Lanka, b) enhance teachers’ ICT education capacity, and c) provide every student including those living in rural areas with equal opportunity for education.

The Summary of Work Scope
Component Description
1. Construction • Construction of NCDC and PICTEC
- 1 NCDC in North Western Province
- 2 PICTECs in Eastern and Southern Province
2. Supply of
Equipment • Equipment Supply in NCDC and PICTEC
- ICT and Studio Equipment, Content Development System, Office IT Equipment, etc.
3. Training  • Overseas Training (Korea)
• Local Training (Sri Lanka)
4. Consulting Services • Basic/Detailed design
• Supervision and Management of the Project
• Preparation of Bidding Documents and Various Reports such as Progress Reports, Project Completion Report and O&M Manual etc.

Proposed Financing Plan
Sources USD Mn
EDCF 30,099
GOSL 5,535
Total Project Cost 35,634

Terms and Conditions of the Loan
(a) Borrower:   The Government of Sri Lanka (through the MOF)
(b) Executing Agency Ministry of Education
(c) Loan Amount:  US$ 30,099,000
(d) Interest Rate:  0.15% per annum;
(e) Maturity:   Forty (40) years including a grace period of Ten (10) years;

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